Whirlpool India bulk deal: Shares in focus as Whirlpool Mauritius sells 11.23% stake for ₹1,489 crore; check who bought the stock

The development came after American home appliances major Whirlpool Corporation in January this year announced plans to trim its stake in its Indian arm, Whirlpool of India Ltd, to approximately 20% by mid- to late 2025.

According to the bulk deal data available with the BSE, Whirlpool Mauritius Ltd offloaded more than 1.42 crore shares, representing an 11.23% stake in Whirlpool's Indian arm.

The shares were disposed of at an average price of ₹1,044.97 apiece, taking the deal value to ₹1,489.60 crore.

After the latest transaction, Whirlpool Mauritius' holding in its Indian arm has dropped to 39.77% from 51%.

On Thursday, shares of Whirlpool of India tumbled 11.54% to settle at ₹1,062.30 apiece on the NSE amid the buzz surrounding the promoter's stake sale.

Who bought the shares?

As per the data on the exchange, HDFC Mutual Fund (MF), Kotak Mahindra MF, Franklin Templeton MF, ICICI Prudential Life Insurance Company, Paris-based Societe General and hedge fund East Bridge Capital purchased a total of 55.90 lakh shares, or a 4.41% stake, in Whirlpool of India Ltd.

The shares were acquired at an average price of ₹1,041 apiece, taking the combined transaction value to ₹581.99 crore.

Details of other buyers of Whirlpool of India's shares could not be ascertained on the exchange.

Here is what happened in January 2025

In January 2025, shares of the company crashed amid news that the American home appliances major Whirlpool Corporation was planning to trim its stake in the Indian arm to approximately 20% by mid- to late 2025.

Whirlpool Corporation plans to trim its stake in its Indian arm, Whirlpool of India Ltd, to approximately 20% by mid- to late 2025, according to a regulatory filing by the company.

Earlier in February 2024, Whirlpool Corporation offloaded 24% of its stake in Whirlpool of India Ltd in a block deal, raising approximately $468 million.

"Whirlpool Corporation, which currently holds a 51% ownership interest in Whirlpool of India, expects to remain the largest shareholder following completion of the anticipated sell-down," the company said in an earnings release shared on stock exchanges by the Indian arm.

"As part of its fourth-quarter earnings release, Whirlpool Corporation announced its intention to sell down its ownership interest in Whirlpool of India Ltd (Whirlpool India) to approximately 20 per cent by mid- to late 2025, by way of one or more market sales (anticipated sell-down)," Whirlpool Corporation Executive Vice President, Chief Financial and Administrative Officer, and President, Whirlpool Asia, James Peters said in January.