Whirlpool of India stock hits 8-year low, tanks 31% in 2 days; here's why

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Whirlpool of India stock hits 8-year low, tanks 31% in 2 days; here's why - Business Standard

Quick Summary:

Whirlpool Corporation on Wednesday, January 29, 2025, announced its intention to sell down its ownership interest in Whirlpool India to approximately 20 per cent by mid-to-late 2025.

As on December 31, 2024, Whirlpool Mauritius, the promoter entity, held 51 per cent stake in Whirlpool, the shareholding pattern data shows.

The board of directors of Whirlpool are scheduled to meet on Tuesday, 04 February, 2025 to consider and approve the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.