Whirlpool of India hits lower limit as parent plans to sell 20% stake
30/01/2025 03:56
** Shares of Whirlpool of India WHIR.NS lower band of
exchange-mandated trading limit of 20%, drops to 1260.8 rupees
** Home appliance maker said on Thursday its parent
Whirlpool Corp WHR.N intends to reduce stake in the India unit
to about 20% from current 51% stake
** Last year on Feb 20 and Feb 21, WHIR shares fell ~5.4% as
parent sold 24% stake in the Indian unit
** Stock set for sharpest intraday fall
** Avg rating of 12 analysts covering the stock is "Hold"
and median PT is 2,050 rupees, ~62.6% higher than current price
- LSEG data
** WHIR rose 34.6% in 2024, snapping three years of losses
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))