Whirlpool of India Limited announced the finalization of its acquisition strategy for Elica PB Whirlpool Kitchen Appliances Private Limited (“Elica India”). Following a prior partial stake purchase, the company has now acquired an additional 3.18% equity stake, culminating in a 100% total shareholding in Elica India. This transaction, completed on March 10, 2026, consolidates full operational control over the kitchen appliance joint venture.
Consolidation of Elica India Stake
Whirlpool of India Limited confirmed the successful completion of its plan to fully integrate Elica PB Whirlpool Kitchen Appliances Private Limited (“Elica India”). This announcement follows an earlier intimation made on February 06, 2026, concerning the initial acquisition of shares.
Final Shareholding Achieved
The company has finalized the purchase of an incremental 3.18% of the issued and paid-up share capital of Elica India. This final transaction has resulted in Whirlpool of India Limited achieving complete ownership, taking its total shareholding in the entity to 100%. The acquisition was formally completed on March 10, 2026.
Compliance and Records
The management requested that the relevant authorities take this final update on record. The disclosure was authorized and digitally signed by Sweta Srivastava, Company Secretary & Compliance Officer, from the Gurugram corporate office.
Source: BSE
