Acquisitions17 Dec 2025, 12:51 pm
Competition Commission Approves ITC's Acquisition of Aditya Birla Real Estate's Pulp and Paper Business
AI Summary
Aditya Birla Real Estate Ltd has announced that the Competition Commission of India has approved the proposed acquisition of its Pulp and Paper business by ITC Limited. The business, operated under the name 'Century Pulp and Paper', will be sold as a going concern on a slump sale basis. This development follows the disclosure made by the company on 31st March, 2025.
Key Highlights
- Competition Commission of India approves the acquisition of Aditya Birla Real Estate's Pulp and Paper business by ITC Limited.
- The business will be sold as a going concern on a slump sale basis.
- The proposed acquisition was disclosed by the company on 31st March, 2025.