Whirlpool of India shares slump after major block deal triggers heavy selling

Whirlpool of India’s stock fell nearly 11% on Thursday after a large block deal involving about 1.5 crore shares, equal to 11.8% of its equity. Market reports indicate that promoter entities are likely the sellers, though exchange data is awaited. The sale follows earlier plans to divest up to 7.5% stake at a floor price of ₹1,030. Promoter holding has steadily declined from nearly 75% in late 2023 to around 51%, driven by global capital-reallocation decisions by the parent.