Trusted News Discovery Since 2008
{{/content}}
Whirlpool plunges 20% on US parent's plan to slash stake
Credit: IndiaTimes- Published on January 31, 2025
Whirlpool India's shares plummeted 20% as Whirlpool Corporation plans to cut its stake to about 20% this year, generating $550-600 million. The reduced stake aims to provide autonomy for growth and support $700 million debt reduction. Last year, Whirlpool had already reduced its stake from 75% to 51%.