Shares of Whirlpool India were in focus as the company announced the formation of a committee to assess the impact of Whirlpool Corporation’s anticipated sell-down. The committee will evaluate potential actions and provide recommendations in consultation with legal and financial advisors.
The Board of Directors has constituted a special committee, including:
- Rahul Bhatnagar (Chairman)
- Harita Gupta (Independent Director)
- Anil Berera (Non-Executive Director)
- Narasimhan Eswar (Managing Director)
The committee, in collaboration with M/s. AZB & Partners, will examine the implications of the sell-down, the contractual relationship between Whirlpool India and Whirlpool Corporation (including affiliates), and necessary transition plans before final board approvals.
Meanwhile, Whirlpool India’s stock closed 1.43% lower at ₹914.75 on March 3.
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