Whirlpool plans to reduce its Indian subsidiary stake to 20%, generating $550M-$600M, while aiming for more autonomy.

Whirlpool Corporation plans to reduce its ownership in its Indian subsidiary, Whirlpool of India Limited, to about 20% by mid to late 2025, down from the current 51%. The company expects to generate $550 million to $600 million from selling its shares. Despite the stake reduction, Whirlpool reaffirms its commitment to India and aims to give the subsidiary more autonomy to adapt to industry changes and boost growth.

2 months ago
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