Whirlpool of India shares experienced a decline of over 10 percent on the National Stock Exchange on Thursday, trading at ₹1,070.30 as of 12:50 PM, a drop of ₹130.60 from the prior close of ₹1,200.90. This sharp fall was associated with an announcement of a block deal in which the promoter, Whirlpool Mauritius, plans to sell up to 95 lakh shares, representing 7.51 percent of the company’s equity.
This accelerated bookbuild offering will be structured as a fully secondary sale, with a designated floor price set at ₹1,030 per share, reflecting a considerable discount of 14.2 percent compared to the last closing price. The estimated size of the transaction ranges from approximately ₹910 crore to ₹965 crore, dependent on the final pricing.
Market reactions have been largely negative regarding the substantial stake sale. The stock commenced trading at ₹1,084 and hit an intraday low of ₹1,055.80. Trading volumes soared, with 93.92 lakh shares exchanged for a total of ₹1,006.25 crore by midday, significantly surpassing usual trading volumes.
Analysts have characterized this development as neutral to potentially negative in the near term, noting that large promoter stake sales typically exert downward pressure on stock prices due to increased market supply. The deliverable quantity accounted for 37.87 percent of the total traded volume, indicating a blend of genuine demand and speculative trading activity.
The stock reached a 52-week high of ₹1,981.10 in December 2024 but has faced ongoing pressure in recent months. Thursday’s decline has brought its price closer to its 52-week low of ₹899.
Published on November 27, 2025.
