Whirlpool of India jumps on report of likely takeover bid for parent

Whirlpool of India

27/06/2024 07:22

** Shares of Whirlpool of India  WHIR.NS  up 10.9% to 2,037
rupees, highest since Dec. 2021 
    ** German engineering group Robert Bosch is weighing a bid
for U.S. appliances maker Whirlpool  WHR.N , Reuters reported,
citing people familiar with the matter  
    ** Spokespeople for Robert Bosch, Whirlpool said they do not
comment on "market rumors"
    ** The U.S. co's shares surged 12.7% in early trading after
the report
    ** Whirlpool of India sees busiest trading session since
late-February, over 1.4 mln shares traded 
    ** Analysts' avg rating on stock is "Hold", median PT is
1,470 rupees - LSEG data 
    ** Including session's gains, WHIR is up ~46% YTD 
    



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))