Whirlpool of India issued a clarification on September 24 regarding its promoter's exit plans. The Indian subsidiary stated it is not a party to any current negotiations.
Whirlpool Corporation is exploring a share sale to third parties through a control transaction. The U.S.-based parent company has publicly intended to reduce its shareholding since early 2025.
The clarification followed a volatile trading session where the stock surged 20% before retreating. Separately, Whirlpool announced a U.S. refrigerator launch in collaboration with beverage brand OLIPOP.