Exclusive: Advent's $1 billion deal talks for Whirlpool India stake collapse, sources say

Since 2019 Maytag has remained committed to treating members of the Boys & Girls Clubs in their headquarters community of Benton Harbor to a special evening honoring dedication to dependability

NORTHAMPTON, MA / ACCESS Newswire / December 4, 2025 / Now in its seventh year, Maytag, a Whirlpool Corporation brand, continues to deepen its longstanding relationship with the Boys & Girls Clubs of America. As part of their annual Day of Dependability, Maytag brand treated 300 members and staff of the Boys & Girls Clubs of Greater Southwest Michigan to a Thanksgiving inspired meal and an evening of fun and entertainment on November 20th.

The evening, held at the Boys & Girls Club's Fettig Youth Campus in Benton Harbor, kicked off with the singing of the national anthem and a blessing of the food. Maytag brand volunteers served attendees fried chicken, green beans, mashed potatoes, mac n' cheese and other Thanksgiving inspired fare. Along with the meal, the event included activities including a 360-photo booth, a silent disco party and face painting.

"We're honored to be able to support and engage with members of our local club and bring them together with our volunteers for a night of great food, entertainment and fun," said Emily Pines, Maytag brand manager. "Continuing this tradition for seven years reflects the brand's unwavering spirit of dependability and our commitment to this community."

Since 2003, Maytag has supported Boys & Girls Clubs of America locally and across the country by hosting over 6,000 volunteers, funding over $9M in donations and scholarships, honoring Boys & Girls Clubs mentors with the Maytag Dependable Leader Award and more. Together Maytag brand and the Boys & Girls Clubs of America have worked hand in hand to uplift and empower youth.

"Our partnership with Maytag has been built on trust, consistency and shared purpose of dependability," said Alloyd Blackmon, chief executive officer, Boys & Girls Clubs of Greater Southwest Michigan. "Each year, this dinner reminds us of what dependability looks like in action, partners and volunteers who show up, support our youth and make lasting impacts in their communities."

For more information on Maytag Brand and the total impact on Boys & Girls Clubs of America, visit on Maytag.com

About Whirlpool Corporation

Whirlpool Corporation is a leading home appliance company, in constant pursuit of improving life at home. As the only major U.S.-based manufacturer of kitchen and laundry appliances, the company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana,Brastemp, Consul, and InSinkErator. In 2024, the company reported approximately $17 billion in annual sales - close to 90% of which were in the Americas - 44,000 employees, and 40 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.

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View additional multimedia and more ESG storytelling from Whirlpool on 3blmedia.com.

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Spokesperson: Whirlpool

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SOURCE: Whirlpool

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The shares of smallcap and midcap companies dropped in trade on November 27, snapping a two-day gaining streak. This comes even as benchmark indices Sensex and Nifty hit fresh lifetime highs after 14 months.

The Nifty Smallcap 100 index was down around 0.5 percent at 17,885, while Nifty Midcap 100 index was down 0.15 percent at 60,972, as seen at 11.55 am. Analysts have commented on why they feel the broader markets are losing steam while benchmark indices scale new records, and what lies ahead.

Why smallcap stocks may see further consolidation?

Analysts have collectively estimated that volatility is still expected in the near term for the smallcap space. They have listed out various reasons why these stocks have under-performed in recent times.

According to Abhinav Tiwari, Research Analyst at Bonanza, Smallcaps have underperformed because valuations are high while earnings growth has slowed. Citing data from the recent Q2 FY26 earnings season, Charmi Shah, Business Head at Wealth1, said that nearly 32 percent of smallcap companies missed earnings expectations. This is notably higher when compared to midcap misses at 27 percent and largecap misses at 26 percent.

Tiwari noted that the sharp fall in smallcap companies also came as investors are shifting towards largecaps, which are safer bets amid global uncertainty. "FIIs have also cut exposure, adding pressure," he said. As large-cap names attract safe-haven flows, smaller firms, which are more sensitive to liquidity and macro shock, are bearing the brunt, said Siddharth Maurya, Founder & Managing Director at Vibhavangal Anukulakara.

The recent fall in smallcap stocks was also driven by lack of liquidity, according to analysts. Shah from Wealth1 explained that the boom in the primary markets and a large number of new IPOs have constrained investor funds and increased selling pressure on existing smallcap stocks.

Shravan Shetty from Primus Partners noted that smallcap companies on an average have faced higher margin pressure compared to mid and largecaps due to external shocks like US tariffs and falling rupee.

"Technicals suggest that the Nifty Smallcap 100 is in a consolidation phase. The index needs a decisive upside breach of resistance zones to resume the uptrend. In the next leg of rally, quality small- and mid-cap names with steady cash flows and low leverage would outshine," said Maurya.

Top losers on Smallcap index:

Whirlpool shares dropped nearly 11 percent to emerge as the top loser on the Nifty Smallcap 100 index. This comes after nearly 11.8 percent stake changed hands in a large block deal. According to reports, the company’s promoters are the likely sellers.

Natco Pharma shares followed, dropping more than 5 percent. Kaynes Tech and Radico Khaitan shares fell more than 3 percent each, while PG Electroplast, Cholamandalam Financial Holdings, Amber Enterprises, FirstCry and Anant Raj shares fell around 2 percent each.

What lies ahead for midcap stocks?

The Nifty Midcap 100 index hit a fresh record high of 61,229.80 earlier during the day. The index has now fallen over 0.4 percent since then. Analysts however remain fairly optimistic about the sector.

There is potential for further upside in Indian midcap stocks, said Charmi Shah, Business Head, Wealth1. She added that the index scaled new record high earlier during the day, driven by strong earnings growth outpacing Nifty 50 projections of 3-8% and steady retail inflows. "I expect more gains amid interest-rate cut prospects and bullish momentum from cup-and-handle breakouts on weekly charts," she added.

Midcap stocks still have scope to rise as earnings momentum, domestic liquidity, and sectoral leadership remain supportive, said Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara. He added that the recent high says more about strength than excess.

However, Maurya still advised investors to be selective as valuations are no longer cheap.

"Midcaps remain suitable for quick-profit trades with a strict stop-loss, while selective stock picking and profit booking is advisable as the index nears its breakout target," said Kunal Kamble, Senior Technical Research Analyst at Bonanza.

Charmi Shah also advised caution due to stretched valuations. "Midcap stocks currently trade at approximately 25.79 times one-year forward earnings, well above their 10-year average of 23.31 times. Additionally, despite the benchmark rally, many midcap stocks have struggled individually, reflecting a divergence between headline index levels and broader market breadth. Outflows from diversified equity funds into safer assets also pose risks in the near term," she said.

"I suggest adopting a staggered investment approach over the next three to six months, with a longer investment horizon of 4-5 years to weather potential market swings. While midcaps remain preferred for their growth potential and alpha-generating ability in niche sectors, investors should be selective and focus on companies with strong fundamentals and sectoral tailwinds," she added.

Top losers on Midcap index:

Motilal Oswal Financial Services and Indian Bank shares were the top losers on the Nifty Midcap 100 index, falling more than 3 percent each. Bank of India, Fortis Healthcare, Hitachi Energy India and Oil India followed, dropping around 2 percent each.

Supreme Industries, Union Bank of India, Alkem Labs, Swiggy, Polycab India, Waaree Energies and Marico meanwhile fell more than 1 percent each.

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