Whirlpool plunges 20% on US parent's plan to slash stake

Quick Summary:

Whirlpool India's shares plummeted 20% as Whirlpool Corporation plans to cut its stake to about 20% this year, generating $550-600 million.

The reduced stake aims to provide autonomy for growth and support $700 million debt reduction.

Last year, Whirlpool had already reduced its stake from 75% to 51%.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaIraqOmanSweden

Topics: Stake sale Whirlpool India Business news Share price drop Stock market Whirlpool Corporation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 09:58:45 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25656660

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Official Website: timesofindia.indiatimes.com

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