Overview
- Promoter Whirlpool Mauritius sold more than 1.42 crore shares, equal to 11.23% of equity, at an average Rs 1,044.97 apiece for Rs 1,489.6 crore, exchange data show.
- The promoter holding fell to 39.77% from 51% following the bulk transaction.
- Kotak Mahindra Mutual Fund, HDFC Mutual Fund, Franklin Templeton, ICICI Prudential Life, East Bridge Capital and Societe Generale were disclosed as key buyers.
- Whirlpool of India shares closed down 11.32% at Rs 1,063.85 after heavy turnover, with the block marketed at a Rs 1,030 floor price.
- The parent continues to target roughly 20% ownership with proceeds intended for debt reduction, and Axis Capital downgraded Whirlpool of India to Sell the next day.