Franklin Templeton Mutual Fund increased its stake in Whirlpool of India Limited from 2.54% to 2.64%, purchasing 130,000 shares. The market value of the additional shares was ₹9.79 Cr at ₹753.45 apiece.
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.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
