Whirlpool India shares plunge 20%, hit lower circuit as parent firm plans to offload 20% stake

Shares of Whirlpool India crashed 20% to hit their lower circuit at Rs 1,262.15 in early trade on Thursday after the company informed the exchanges that its holding company, Whirlpool Corporation, plans to offload a 20% stake in the company.

As part of its fourth-quarter earnings release,…