Whirlpool Corporation has sold a significant 24% stake in its Indian subsidiary, Whirlpool of India Ltd., for approximately Rs 3,880 crore. This move, executed via open market transactions, reduces the parent company's ownership from 75% to 51%. Notably, SBI Mutual Fund emerged as a key buyer, acquiring 7.2% equity worth Rs 1,168.5 crore. The sale aligns with Whirlpool's plan to utilize proceeds for debt reduction, following a previously earmarked $500 million for loan repayment in the December quarter. Other mutual funds also participated in the share purchase.