Whirlpool Corporation has announced its intention to sell down its stake in Whirlpool of India Ltd. from the current 51% to approximately 20% by mid-to-late 2025. This reduction will take place through one or more market sales, as disclosed in Whirlpool Corporation’s fourth-quarter earnings release.
Despite this anticipated sell-down, Whirlpool Corporation has affirmed its commitment to remain the largest shareholder in Whirlpool of India post the stake reduction. The company emphasized that this move is aimed at providing greater autonomy to Whirlpool India, enabling it to better adapt to evolving industry conditions and focus on accelerated growth.
“We continue to believe Whirlpool India has a strong long-term trajectory for growth. The anticipated sell-down is expected to result in increased autonomy for Whirlpool India, allowing it to focus on accelerated expansion while utilizing its well-funded business to reinvest further,” said the company.
Whirlpool Corporation also assured stakeholders that it would continue to support Whirlpool India’s operations through sustained brand licensing, technology agreements, and transition commitments. These measures are expected to maintain Whirlpool’s strong presence in India, ensuring business continuity and reinforcing its position as one of the most trusted brands in the country.
The stake reduction represents a strategic realignment of Whirlpool Corporation’s investments while allowing Whirlpool India to independently steer its growth in the Indian market. Investors and stakeholders will be closely watching further developments as the sell-down progresses over the next two years.
