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ABREL sells Century pulp, paper biz to ITC for Rs 3,498 cr - India Retailing

Summary by Indiaretailing.com

ITC said the acquisition will immediately add significant scale and economies to its existing operations with the potential for further capacity expansion New Delhi: Aditya Birla Real Estate Ltd (ABREL) on Monday announced the sale of its pulp and paper business to ITC for Rs 3,498 crore as part of its strategy to focus on property business. ITC, on the other hand, said the acquisition will immediately add significant scale and economies to its …

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ITC’s Paper Play: The Strategic Rationale Behind the ₹3,498 Crore Century Pulp & Paper Acquisition

In a move that significantly strengthens its position in India’s paper and packaging industry, ITC Ltd has announced the acquisition of Century Pulp and Paper from Aditya Birla Real Estate Ltd for ₹3,498 crore. The deal, disclosed on March 31, is set to expand ITC’s paper manufacturing capacity by 60%, adding 480,000 metric tonnes per annum (MTPA) to its existing 1 million MTPA capacity. More importantly, it marks ITC’s first major foray into No…

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realtynmore.com

Aditya Birla Real Estate Divests Century Pulp and Paper Undertaking for ₹3,498 Cr

Mumbai, April 1, 2025: The Board of Directors of Aditya Birla Real Estate Limited (ABREL) has approved the execution of the business transfer agreement for divestment of the company’s pulp and paper undertaking situated in Lalkuan, Uttarakhand, by way of a slump sale to ITC Limited (“ITC”). The transfer of the business will be for a lump-sum cash consideration of INR 3,498 crore, to be paid by ITC to ABREL. The divestment of the Pulp and Paper u…

2 days ago

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Indiaretailing.com

ABREL sells Century pulp, paper biz to ITC for Rs 3,498 cr - India Retailing

2 days ago

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Papermart

ITC Announces Acquisition of Century Pulp & Paper for INR 3,498 Crore

ITC Limited has announced the acquisition of Century Pulp & Paper for a consideration of INR 3,498 crores on a cash-free debt-free basis, payable on closing. The facility in North India complements existing facilities of ITC in South India. Apr 01, 2025 ITC Limited has entered into a Business Transfer Agreement (‘BTA’) with Aditya Birla Real Estate Limited for the acquisition of the companies’ pulp and paper business operated under the name of ‘…

2 days ago

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StartupTalky

₹3,498 Crore Deal: ITC Takes Over Aditya Birla's Pulp & Paper Undertaking

In a bid to expand into the paper and packaging sector and diversify its business further, ITC Ltd has announced the acquisition of Century Pulp and Paper from Aditya Birla Real Estate Ltd for ₹3,498 crore.The moves align with the business plans of both companies. While the Aditya Birla Real Estate Ltd is looking to focus on real estate in what can be best called a strategic portfolio choice, ITC has been looking to get a bigger foothold in the …

2 days ago

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