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whirlpool stock update: Whirlpool Corporation sells 24% stake in Indian unit for $468 million via open market

Following the sale, the parent firms holding has come down to 51% from 75%. The American consumer durables maker expects to use the proceeds from the stake sale to reduce debt.

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Whirlpool Sells 24% of India Unit, Raising $468 Million

By Colin Kellaher Whirlpool has sold a large chunk of its controlling stake in Whirlpool of India for about $468 million, but the appliance maker still owns.

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Whirlpool (WHR) Sells 30 4M Shares of Whirlpool India for $468M

Whirlpool (WHR) Sells 30 4M Shares of Whirlpool India for $468M
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Whirlpool to sell 24% in India unit for up to $451 million

Whirlpool to sell 24% in India unit for up to $451 million
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Whirlpool to sell up to 24% stake in India arm

The Whirlpool Corporation on Thursday announced its intention to enter into one or more transactions to sell up to 24 per cent of its ownership interest in Whirlpool of India Limited (Whirlpool India) in 2024.

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