Acquisitions1 Aug 2026, 06:00 pm
ITC Ltd Completes Acquisition of Aditya Birla's Pulp & Paper Business
AI Summary
ITC Ltd has announced the successful completion of its acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, operating under the name 'Century Pulp and Paper'. The transaction was executed on a slump sale basis, including all associated assets, liabilities, contracts, and employees, and was finalized in accordance with the Business Transfer Agreement dated March 31, 2025. This strategic move is expected to bolster ITC's presence in the paper industry.
Key Highlights
- ITC Ltd has finalized the acquisition of Aditya Birla's pulp and paper undertaking.
- The deal was completed on a going concern basis via a slump sale.
- All assets, liabilities, contracts, and employees are included in the acquisition.
- The Business Transfer Agreement was executed on March 31, 2025.
Price Impact
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