Whirlpool of India Limited
Kotak Mutual Fund increased its stake in Whirlpool of India from 1.99% to 2.75%, raising its shareholding to 3,490,236 shares. The value of the additional shares is approximately ₹72.6 crore based on the share price of ₹753.45. While the exact value and price for this specific transaction are not available, Kotak Mahindra Mutual Fund had previously acquired 1.97 million shares, equivalent to a 1.6% stake, for ₹156.4 crore in December 2025. This was part of a larger trend where mutual funds, including Kotak, bought shares as Whirlpool's promoter entity offloaded an 11.23% stake for ₹1,490 crore.
A leading manufacturer and marketer of major home appliances in India, Whirlpool produces washing machines, refrigerators, air conditioners, microwave ovens, and kitchen appliances for domestic consumers. The company operates through an extensive distribution network spanning urban and semi-urban markets across the country. Its distinctive strength lies in combining global technology standards with products specifically designed to meet Indian consumer preferences, household needs, and local market requirements.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.