Whirlpool of India shares slipped more than 10% in morning trade after the company disclosed that its promoter intends to sell a 11% stake through a block deal. The proposed sale comes with a floor price set at a 14% discount to the current market price, prompting immediate investor reaction and increased volatility in early trade.
The stock opened at ₹1,084 and moved between an intraday low of ₹1,061.20 and a high of ₹1,088. This marks a significant decline from the previous close of ₹1,200.90, indicating a subdued session. Despite remaining above its 52-week low of ₹899, the counter continues to trade far below the 52-week high of ₹1,981.10.
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