Acquisitions4 Mar 2025, 03:22 am
Whirlpool of India Ltd. Constitutes Committee to Review Anticipated Sell-Down by Whirlpool Corporation
AI Summary
Whirlpool of India Ltd. has engaged M/s. AZB & Partners to assist the company in connection with the anticipated sell-down announced by Whirlpool Corporation. The Board of Directors has constituted a committee to review the actions to be taken by the company in its best interests in the backdrop of this development, and make recommendations, including in relation to the contractual relationship between the Company and Whirlpool Corporation, the transition plans and related matters.
Key Highlights
- Whirlpool of India Ltd. has engaged M/s. AZB & Partners for assistance in connection with the anticipated sell-down announced by Whirlpool Corporation.
- The company has constituted a committee to review the actions to be taken in its best interests.
- The committee will make recommendations including in relation to the contractual relationship between the Company and Whirlpool Corporation.
- The committee will also consider the transition plans and related matters.
- The committee comprises of Mr. Rahul Bhatnagar, Ms. Harita Gupta, Mr. Anil Berera and Mr. Narasimhan Eswar.