Whirlpool promoter to sell 95 lakh shares for ₹965 crore
pre-market1 source ↓written by the desknot a recommendation
- plans to sell
- 95 lakh shares
- equating
- 7.5% stake
- is set
- ₹1,030 per share
- to the current
- 14% discount
- totaling an estimated
- ₹965 crore
The promoter of Whirlpool of India Ltd plans to sell 95 lakh shares, equating to a 7.5% stake, through block deals. The floor price is set at ₹1,030 per share, a 14% discount to the current market price, totaling an estimated ₹965 crore. This sale will initiate a 90-day lock-up period for the promoter post-transaction.
Not investment advice. For informational purposes only.