Tag Archives: Indian Unit

Whirlpool Corporation, a leading appliance manufacturer, is set to offload a 24% stake in its Indian subsidiary this week, according to a term sheet accessed by Reuters. The transaction, facilitated through block deals, is anticipated to yield up to $451 million for the company. Whirlpool aims to execute the sale at a price of 1230 rupees per share, representing a 7.6% discount from Monday's closing price. The deal is scheduled to be concluded by Wednesday.

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