A consortium of investors completed the acquisition of an 11.2% stake in Whirlpool of India from Whirlpool for $1.5bn.

A consortium of investors, including HDFC, Franklin Templeton, and Kotak Mahindra Bank, completed the acquisition of an 11.2% stake in Whirlpool of India, a manufacturer of refrigerators, washing machines, and kitchen appliances, from Whirlpool, a manufacturer and marketer of major home appliances, for $1.5bn.