Whirlpool Corporation, through its subsidiary, Whirlpool Mauritius Limited, sold 14,255,000 equity shares of Whirlpool of India Limited. This transaction reduced Whirlpool’s ownership in its Indian subsidiary from 51% to approximately 40% and generated gross proceeds of about $166 million. The sale, settled on November 28, 2025, will help reduce the company’s debt, aligning with its equity reduction goals.
Stake Reduction in Whirlpool India
Whirlpool Mauritius Limited, a wholly-owned subsidiary of Whirlpool Corporation, executed the sale of 14,255,000 equity shares in Whirlpool of India Limited via an on-market trade on November 27, 2025. This strategic move aims to streamline Whirlpool’s global operations and capital structure.
Financial Impact and Future Plans
The transaction generated gross sales proceeds of approximately $166 million upon settlement, which occurred on November 28, 2025. This stake sale decreased Whirlpool’s ownership in Whirlpool India from 51% to around 40%. The company anticipates utilizing these proceeds to reduce its outstanding debt. Whirlpool continues to explore options to further reduce its equity stake in Whirlpool India by the end of the first half of 2026.
Strategic Rationale
Whirlpool’s decision to reduce its stake in Whirlpool India aligns with its previously stated equity reduction goals. The company believes this move will optimize its capital allocation and improve its financial flexibility. By reducing debt, Whirlpool seeks to enhance its financial stability and create long-term value for its shareholders.
Source: BSE