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Whirlpool of India surges on inking pact to acquire additional stake in Elica PB India

28 Sep 2021 Evaluate

Whirlpool Of India is currently trading at Rs. 2278.90, up by 37.85 points or 1.69% from its previous closing of Rs. 2241.05 on the BSE.

The scrip opened at Rs. 2275.00 and has touched a high and low of Rs. 2290.45 and Rs. 2267.50 respectively. So far 4331 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2777.00 on 22-Jan-2021 and a 52 week low of Rs. 1970.00 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 2290.45 and Rs. 2227.30 respectively. The current market cap of the company is Rs. 28432.61 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.94% and 11.06% respectively.

Whirlpool of India has entered into a share purchase agreement with Elica S.p.A (MTA: ELC) to acquire an additional stake in Elica PB India. Elica PB India will become a majority-owned subsidiary of Whirlpool India and its financial statements will be consolidated within Whirlpool India. The transaction is expected to close by the end of September 2021. Both organizations will continue to run their operations similar to their current state.

Whirlpool India currently owns a 49% stake in the Elica PB India and will acquire an additional 38% equity interest for $57 million to bring its total equity ownership to 87%. Whirlpool India initially acquired a 49% equity interest in Elica PB India in 2018.

The company is now one of the leading manufacturers and marketers of major home appliances in the country.

Whirlpool Of India Share Price

888.55 40.00 (4.71%)
17-Apr-2026 16:59 View Price Chart
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