Whirlpool of India has completed the acquisition of 49% of the issued and paid up share capital of Elica PB India. With this transaction, Whirlpool of India will hold 49% shareholding in Elica PB India.
Earlier in the month of June, the company had received approval to enter into a strategic joint venture (JV) with Elica PB India. As part of the JV, Elica PB will manufacture and distribute cooking and built-in appliances under the Whirlpool brand in India.
Whirlpool of India manufactures appliances. The company produces refrigerators, washing machines, air conditioners, microwave ovens, water purifiers, built-in appliances and other products.
