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Deal▼ Bearish for Whirlpool of India
Whirlpool of India clarifies promoter stake-sale report; shares fall
The brief
- Whirlpool of India shares fell 4% after a report on a possible ownership change
- The company issued a clarification on the promoter stake-sale report
- A potential ownership change and share-price weakness directly affect Whirlpool of India investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| WHIRLPOOL | Thu, 24 Sept | −1.4% | +0.3% | 7.0× | +6.2% · Nifty −1.3% |
○ Classifier read this as negative; WHIRLPOOL barely moved against the Nifty on the day it traded.
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Whirlpool of India promoter stake sale
Reports said Whirlpool Mauritius was exploring a share sale to potential buyers. Whirlpool of India said it was not privy to the terms, price or stage of the talks.
Friday, 25 September
Thursday, 24 September
- Whirlpool of India clarifies promoter stake-sale report; shares fall