<p>Whirlpool said on Tuesday that it has executed a sale of 24 per cent of its stake in its India unit for about Rs 3,881 crore ($468 million).</p>.<p>Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75 per cent to 51 per cent.</p>.Whirlpool's India unit posts fall in Q1 profit on soft demand.<p>The company expects the settlement of the share sale to occur on Wednesday and plans to use the proceeds to reduce its debt.</p>.<p>The sale was first reported by <em>Reuters</em> on Monday. Goldman Sachs is advising the company on the deal, the report said citing a term sheet.</p>
<p>Whirlpool said on Tuesday that it has executed a sale of 24 per cent of its stake in its India unit for about Rs 3,881 crore ($468 million).</p>.<p>Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75 per cent to 51 per cent.</p>.Whirlpool's India unit posts fall in Q1 profit on soft demand.<p>The company expects the settlement of the share sale to occur on Wednesday and plans to use the proceeds to reduce its debt.</p>.<p>The sale was first reported by <em>Reuters</em> on Monday. Goldman Sachs is advising the company on the deal, the report said citing a term sheet.</p>