ITC Acquires Century Pulp and Paper from Aditya Birla for Rs 3498 Crore
Aditya Birla Group has sold its subsidiary, Century Pulp and Paper, to ITC for a significant sum of Rs 3498 crore. This strategic move will allow Aditya Birla to focus on its core business, real estate, while ITC aims to expand its presence in the paper and pulp industry.
Aditya BirlaItcCentury Pulp And PaperReal EstatePaper And Pulp IndustryReal EstateMar 31, 2025
The sale of Century Pulp and Paper is part of Aditya Birla's broader plan to divest non-core assets and allocate resources to more promising growth areas. According to a statement from Aditya Birla Real Estate Limited (ABREL), the proceeds from this sale will be used to strengthen the company's position in the real estate market and explore new opportunities.
Century Pulp and Paper has been a key player in the Indian paper and pulp industry for decades. The company has a strong presence in the market and a reputation for quality products. The acquisition by ITC is expected to enhance ITC's portfolio and solidify its position in the paper and pulp sector.
ITC, a leading conglomerate in India, has a diverse portfolio that includes consumer goods, hospitality, and agri-business. The company has been actively looking to expand its presence in the paper and pulp industry, which aligns with its vision of sustainable and inclusive growth. The acquisition of Century Pulp and Paper is a strategic move that will help ITC achieve its goals in this sector.
The transaction is subject to regulatory approvals and is expected to be completed in the next few months. Both Aditya Birla and ITC have expressed confidence in the deal and are optimistic about the future prospects of the combined entity. The synergies from this merger are expected to create significant value for stakeholders and contribute to the growth of the Indian paper and pulp industry.
For Aditya Birla, the sale of Century Pulp and Paper is a clear indication of the group's commitment to focusing on its core business. Real estate has been a key area of focus for the group, and the additional funds from this sale will be used to further strengthen its position in the market. The group has several ongoing projects and plans to launch new ones in the coming years, leveraging its expertise and resources to deliver high-quality developments.
ITC, on the other hand, is looking to leverage the strengths of Century Pulp and Paper to expand its portfolio and increase its market share. The company has a strong track record of integrating acquired businesses and driving growth through innovation and operational excellence. The acquisition is expected to enhance ITC's capabilities in the paper and pulp industry and contribute to its long-term growth objectives.
In conclusion, the sale of Century Pulp and Paper to ITC is a strategic move that benefits both companies. Aditya Birla can now focus on its core business, while ITC gains a valuable asset that will help it expand its presence in the paper and pulp industry. The deal is a testament to the dynamism of the Indian business landscape and the commitment of these companies to sustainable growth and value creation.
Frequently Asked Questions
What is the total amount of the sale of Century Pulp and Paper?
The total amount of the sale of Century Pulp and Paper to ITC is Rs 3498 crore.
Why is Aditya Birla selling Century Pulp and Paper?
Aditya Birla is selling Century Pulp and Paper to focus on its core business, real estate, and to allocate resources to more promising growth areas.
What is ITC's main reason for acquiring Century Pulp and Paper?
ITC is acquiring Century Pulp and Paper to expand its presence in the paper and pulp industry and to enhance its portfolio with a well-established brand.
What are the expected benefits of this acquisition for ITC?
The acquisition is expected to enhance ITC's capabilities in the paper and pulp industry, increase its market share, and contribute to its long-term growth objectives.
When is the transaction expected to be completed?
The transaction is expected to be completed within the next few months, subject to regulatory approvals and other customary conditions.
Related News Articles
I-T Department Clarifies Real Estate LTCG Calculations: A Guide for Property Owners
This update is crucial for property owners and investors seeking to understand the tax implications of selling real estate assets.
Suraj Estate to Raise ₹500 Crore via Preferential Issue of Shares and Warrants
Suraj Estate Developers Ltd. is set to raise up to ₹500 crore through a preferential issue of shares and warrants to eligible shareholders. The company's board has approved the fundraise, which will see shares issued to notable names including Vanaja Sund
Is the Commercial Real Estate Boom a Sustainable Trend or a Bubble?
Explore the current state of the commercial real estate market in major cities like Mumbai, Delhi, and Pune, and find out whether this boom is a long-term trend or a speculative bubble.
Top Tier-2 Cities Emerge as Real Estate Powerhouses
Property values in top tier-2 cities are now on par with major metropolitan areas like Gurgaon, Mumbai, and Bangalore. The growth of educational institutions is also playing a significant role in attracting more residents and investors to these burgeoning
Roadway Solutions Secures Rs 47 Billion Loan for Major MSRDC Projects
In a significant development, Roadway Solutions, a leading infrastructure development company, has secured a Rs 47 billion Line of Advance (LOA) from leading financial institutions to fund major projects for the Maharashtra State Road Development Corporat
Capex Trends in India: Slower Pace of Investment in Q3
The construction and real estate sectors are facing a significant decline in new project announcements, while manufacturing and other sectors show mixed performance.