Whirlpool Sells 11% Stake in Whirlpool India for $166 Million
Whirlpool Corporation WHR | 0.00 |
Whirlpool Corporation announced that its wholly-owned subsidiary, Whirlpool Mauritius Limited, has sold 14,255,000 equity shares of its publicly listed subsidiary, Whirlpool of India Limited, through an on-market trade. This transaction reduced Whirlpool Mauritius Limited's ownership in Whirlpool India from 51% to approximately 40%, generating gross sales proceeds of about $166 million upon settlement on November 28, 2025. Whirlpool Corporation stated that it continues to explore further options to reduce its equity stake in Whirlpool India, aiming to achieve its previously stated equity reduction goal by the end of the first half of 2026. Proceeds from the transaction are expected to be used to reduce company debt.
