Whirlpool of India shares in focus as $1 billion stake sale talks with Advent collapse
Shares of Whirlpool of India will be in focus after acquisition talks with global private equity firm Advent International collapsed. The discussions centered on Advent acquiring a 31% stake in Whirlpool of India for up to $1 billion, which would have triggered a mandatory open offer for an additional 26% stake under Indian regulations, giving Advent a controlling 57% stake. However, the deal fell through due to valuation disagreements, with Advent pushing for a lower price citing short-term headwinds in India.
https://m.economictimes.com/markets/stocks/news/whirlpool-of-india-shares-in-focus-as-1-billion-stake-sale-talks-with-advent-collapse/articleshow/125825403.cms