Whirlpool India to acquire 49% stake in Elica PB
Whirlpool India has said its board has approved a proposal to enter into a strategic joint venture with Elica and acquire 49% stake in Elica PB India. As part of the joint venture, Elica PB India will manufacture and distribute cooking and built-in appliances under Whirlpool India. Whirlpool India said the deal is expected to close at approximately â¹162 crore. 