Whirlpool Share Price Tanks Nearly 10% After Massive 1.5 Crore Shares Block Deal; Promoter Exit Speculated

Whirlpool Block Deal: Whirlpool of India witnessed a major block trade on Thursday morning, with approximately 1.5 crore shares, representing about 11.8 percent of the company's equity, changing hands on the exchanges. The sizable transaction triggered heavy volatility in the stock, which fell as much as 11 percent to Rs 1,070 on the NSE during morning trading.

Whirlpool Share Price Today

Whirlpool of India Ltd was trading at Rs 1,081.30 as of 10:17 am on 27 November, marking a sharp decline of Rs 119.60, or 9.96 percent, for the day. The stock opened slightly higher at Rs 1,084.00, before rising to an intraday high of Rs 1,088.00. However, sustained selling pressure pushed it down to an intraday low of Rs 1,055.80.

The current market price remains well below the company's 52-week high of Rs 1,981.10. Despite today's fall, the stock continues to trade above its 52-week low of Rs 899.00.

Whirlpool of India's Large Block Deal of 1.5 Crore Shares; Identity of Buyers and Sellers Awaited

While the identities of the participants in the block deal have yet to be disclosed, market chatter suggests that the promoter group is likely to be the seller. Final details on the transaction including pricing and allocation of shares will be known once the exchanges publish the official block deal data.

Promoter Sale Likely; Earlier Plan Indicated Smaller Deal

The latest development follows a CNBC-TV18 report stating that the promoter group planned to offload up to 95 lakh shares, or 7.5 percent stake, through a block deal estimated at around Rs 965 crore, at a floor price of ₹1,030 per share. Subsequent updates from market sources indicated that the deal size had been scaled up to nearly 11 percent, though official confirmation from the exchanges is still awaited.

Promoter Holding Continues to Decline

Whirlpool of India is majority-owned by Whirlpool Mauritius, a subsidiary of US-based Whirlpool Corporation. Over the past two years, the parent company has been gradually reducing its stake in the Indian entity as part of a larger global capital reallocation strategy.

Promoter shareholding, which stood at around 75 percent in late 2023, has now fallen to roughly 51 percent, following a series of strategic block trades and on-market transactions carried out through 2024 and 2025.

Market records also show that none of the promoter shares are pledged, indicating a clean shareholding structure despite ongoing divestments.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.