The share price, which had been hovering around ₹720 earlier this month, leapt to ₹865.25 after CNBC Awaaz reported that Whirlpool Mauritius is poised to divest its entire remaining stake. This 20% jump eclipses the 7.5% rise seen in the previous session and positions the stock 18% above the 52‑week high.
Whirlpool Mauritius held a 39.76% stake in Whirlpool India as of June, down from nearly 75% in 2023. The promoter has been trimming its position steadily, selling an 11.24% slice last year as part of a broader divestment strategy outlined in December 2023.
Sources say potential buyers include large institutional investors and a major multinational consumer durables firm. While the identity and valuation remain undisclosed, market chatter suggests a premium over the current market price could be offered, potentially pushing the stock even higher.
A complete exit would transform Whirlpool India into a non‑promoter entity, altering its governance structure and potentially unlocking under‑utilised assets. This shift could influence dividend policy and strategic direction, a factor that has attracted both value and growth investors.
Analysts are watching the next few weeks for a formal announcement. If a buyer commits, the stock could trade at a multiple of 12× EBITDA, in line with peer valuations in the consumer durables space. Until then, the rally remains an indicator of market confidence rather than a guaranteed valuation uplift.