Whirlpool promoter plans to sell 24% stake via block deal

Whirlpool Corp. plans to sell up to 24% stake in its Indian unit via block deal to reduce debt. Promoter Whirlpool Mauritius will be selling the stake at a floor price of Rs 1,230 per share, according to the term sheet reviewed by NDTV Profit. The floor price indicates a discount of 7.6% to the stock's Monday closing price.