Whirlpool of India completes acquisition of additional equity shares of 38.25% in Elica India; Stock gains

After the completion of this acquisition, the company increased its shareholding in Elica India to 87.25%.

Sep 30, 2021 10:09 IST India Infoline News Service

Whirlpool Of India
Whirlpool of India Limited completed the acquisition of additional equity shares of 38.25% of the issued and paid-up share capital of Elica PB India Private Limited, taking its total shareholding in Elica India to 87.25%.

Whirlpool of India had entered into a share purchase agreement with Elica S.p.A to acquire an additional stake in Elica PB India at US$57 million. Whirlpool India initially acquired a 49% equity interest in Elica PB India in 2018.

At around 10.18 AM, Whirlpool of India Ltd was trading at Rs2,307.40 per piece up by Rs18.75 or 0.82% from its previous closing of Rs2,288.65 per piece on the BSE.

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