Promoter of consumer durables maker Whirlpool of India Ltd is likely to sell up to 24% equity via a block deal, sources privy to the developments told CNBC-TV18. The total size of the Whirlpool block deal is likely to be $450 million, sources close to the development said.
A floor price of ₹1,230 per share is being proposed for this potential block deal, constituting a discount of 7.5% when compared to the current market price (CMP), sources in the know told CNBC-TV18.
Whirlpool of India Ltd reported a 12% growth in its consolidated net profit at ₹29.93 crore for the third quarter ended December 2023, helped by volume growth.
The company had posted a net profit of ₹26.71 crore during the October-December quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said.
Its revenue from operations was up 17.9% to ₹1,535.65 crore during the quarter under review. It was at ₹1,302.46 crore in the corresponding period of the previous fiscal.
Shares of Whirlpool of India Ltd ended at ₹1,334.45, up by ₹2.45, or 0.18%, on the BSE.
