Whirlpool of India witnessed a major block trade on Thursday morning, with nearly 1.5 crore shares — about 11.8 percent of its equity — changing hands on the exchanges. The stock slumped up to 11 percent on the NSE, touching ₹1,070. The identities of the participants are still unknown, though market speculation suggests the promoters were likely the sellers. Final details on pricing and allocation will be available once the exchanges publish the block deal data.
The transaction follows a CNBC-TV18 report indicating that the promoter group initially planned to offload up to 95 lakh shares, or 7.5 percent stake, worth around ₹965 crore at a floor price of ₹1,030 per share. Sources later suggested the deal size had been expanded to roughly 11 percent, pending exchange verification. Whirlpool Mauritius, a subsidiary of US-based Whirlpool Corporation, holds the majority stake and has been steadily reducing ownership over the past two years as part of a global capital-reallocation strategy.
Promoter holding has fallen from about 75 percent in late 2023 to nearly 51 percent after multiple large sales in 2024–25, including a major USD 468-million divestment in February 2024. Institutional investors now own a significant share of the company’s free float.
