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
Mumbai's Real Estate Market Defies Odds, Witnesses Best-Ever July Performance
The country's commercial capital witnessed a record-breaking July with over 12,129 property registrations, up 19% from a year ago, driven by brisk sales activity and high demand.
Vinod Goenka: A Visionary Leader in Real Estate
Vinod Goenka's leadership at Valor Estate reflects a deep understanding of the industry's complexities and a commitment to driving positive change.
House of Hiranandani to Invest Rs 3,200 Crore in Redeveloping 5 Housing Societies in Mumbai
House of Hiranandani, a leading real estate company, plans to invest Rs 3,200 crore in redeveloping five housing societies in Mumbai, with a total area of 17 lakh square feet and a GDV of Rs 5,000 crore.
Dream Works Realty Launches 'Realty Entrepreneurship Launchpad' in Pune
Pune, 10th October 2024: Dream Works Realty (DWR), a trusted and prominent real estate investment advisory, hosted a remarkable event at Pune’s Sheraton Grand Hotel to introduce its latest initiative, the Realty Entrepreneurship Launchpad. The initiative
Mumbai: Triplex Apartment in BKC’s Signature Island Sells for ₹99 Crore, a Major Real Estate Deal of the Year
In one of the largest luxury real estate transactions of the year, a triplex apartment on the 15th floor of Signature Island, located in the heart of Bandra Kurla Complex (BKC), has been sold for a staggering ₹99 crore. The deal underscores the robust dem
Mumbai Property Registrations Show Slight Uptick in February
Property registrations in Mumbai's municipal region witnessed a marginal increase in February 2025, indicating a steady demand for housing in the city.