Whirlpool India shares plunge 20%, hit lower circuit as parent firm plans to offload 20% stake

Whirlpool India shares plunged 20% after its parent company, Whirlpool Corporation, announced plans to reduce its stake to 20% by mid-2025. Despite the reduced ownership, Whirlpool Corporation emphasized that Whirlpool India will remain a key part of its portfolio, with continued brand support, technology agreements, and a focus on long-term growth. Share