Whirlpool of India Promoter's Rs 965 Crore Block Deal Set to Shake Up the Market

Shares of Whirlpool of India have come into sharp focus as its promoter entity, Whirlpool Mauritius Limited, announced plans to offload up to 7.5% stake, equating to approximately 95 lakh shares, through a significant block deal. The deal size is estimated at Rs 965 crore, with a floor price fixed at Rs 1,030 per share, representing a 14% discount to the prevailing stock price of around Rs 1,201.

Whirlpool Mauritius currently holds a 51% stake in the Indian appliance maker, which manufactures refrigerators, washing machines, and air conditioners. This stake sale marks a substantial reduction in promoter holding and is expected to increase liquidity and broaden the shareholder base.

The stock has underperformed over the last year, declining 33%, weighed down by weak quarterly earnings. For the September quarter, consolidated net profit dropped 21% year-on-year to Rs 41 crore, with revenues declining 4% to Rs 1,697 crore.

Market watchers will closely monitor the block deal’s impact on the stock’s price and trading patterns as the sale proceeds aim to reduce Whirlpool Corporation’s debt burden, the company’s parent entity.

Key Highlights

Promoter Whirlpool Mauritius to sell up to 7.5% stake via block deal (95 lakh shares)

Deal valued at Rs 965 crore with floor price Rs 1,030/share (14% discount to market)

Whirlpool Mauritius stake to reduce from 51%, increasing liquidity for institutional investors

Whirlpool of India manufactures major home appliances; headquartered in Gurugram

Stock declined 33% over past year, underperforming sector and indices

Q2FY26 earnings weak: 21% drop in profit to Rs 41 crore; revenue down 4% to Rs 1,697 crore

Sale proceeds to be used to reduce parent Whirlpool Corporation’s debt

Source: The Economic Times, CNBC Awaaz, Moneycontrol, Business Today, The Hindu Businessline​