Mumbai, Jan. 30 -- Whirlpool Corporation, which currently holds 51% ownership interest in whirlpool India, expects to remain largest shareholder following the completion of stake sale.

As a part of its fourth quarter release, Whirlpool Corporation said that Whirlpool India will remain a relevant part of its portfolio, and continues to believe in the company's strong long-term growth trajectory. The stake sale is intended to provide whirlpool India with increased autonomy to adjust to ever-evolving industry conditions, enabling Whirlpool India to focus on accelerated growth and utilizing its well-funded business to invest further in the business. Sustained brand license and technology agreements, as well as transition commitments, will co...