Whirlpool of India Limited has informed the Exchange regarding 'Acquisition'.
WHIRLPOOL · price
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Whirlpool of India has completed the acquisition of an additional 3.18% equity stake in Elica PB Whirlpool Kitchen Appliances Private Limited (Elica India) on March 10, 2026. This follows an earlier intimation dated February 6, 2026, regarding the purchase of 154,105 equity shares. With this acquisition, Whirlpool of India's total shareholding in Elica India has risen to 100%, making Elica India a wholly-owned subsidiary. The deal appears to be a follow-on purchase from an existing joint venture partner, consolidating full control of the kitchen appliances JV.
Full ownership of Elica India gives Whirlpool of India complete strategic and operational control over the kitchen appliances business, simplifying decision-making and allowing 100% capture of profits. This is a positive structural development for shareholders, though the financial impact depends on Elica India's contribution to consolidated revenue and earnings.