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Whirlpool Corporation on Tuesday sold 30.4 million shares, constituting 24% stake in its Indian unit Whirlpool of India through the open market for $468 million.
Hindalco Industries Ltd., Swan Energy Ltd. and Union Bank of India will be among the major stocks to watch on Wednesday. Hindalco Industries wholly owned American subsidiary Novelis Inc., has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission while Swan Energy's Rs 4,000 crore-QIP opened on Tuesday at a floor price of Rs 703.29 per share.
A short build-up was seen in 54 stocks including Balrampur Chini Mills, Hero MotoCorp, Coromandel International, Cholamandalam Investment & Finance, and Birlasoft