New Delhi, July 11 -- Nippon India Mutual Fund has increased its stake in Whirlpool of India, breaching the 5 percent ownership threshold-a key disclosure requirement under SEBI norms. The fund, acting through its trustee company Nippon Life India Trustee Ltd, acquired an additional 1,82,901 equity shares of the consumer durables company.

This latest acquisition took its overall stake to 5.0091 percent of the total share capital of Whirlpool of India, up from 4.8649 percent held earlier. Before the transaction, Nippon India Mutual Fund owned 61,72,230 equity shares in the company. The purchase has raised its total shareholding to 63,55,131 shares. According to the exchange filing, the transaction was executed through open market purchase...