Whirlpool of India Shares Crash 13% Amid Major Stake Sale
Shares of Whirlpool of India Limited plummeted 13% during Thursday’s trading session, driven by exceptionally high turnover. The sharp decline followed a significant stake sale by promoter entity Whirlpool Mauritius Limited.
Key Details of the Block Deal
- Promoter Whirlpool Mauritius likely sold up to 7.5% stake via block deal
- Estimated deal size: Approximately ₹965 crore
- Floor price believed to be set at ₹1,030 per share
- This floor price represented a 14% discount to prevailing market rates
The substantial discount and high trading volume indicate significant market impact from the promoter’s exit strategy. Market participants closely monitored the developments as the stock experienced one of its largest single-day declines in recent history.
Whirlpool Share Price Today, November 27: (Photo Credits: NSE)
