real estate news
A ₹3,498 Crore Paper Play: A Windfall for ABREL, a Growth Bet for ITC
For ABREL, the sale fuels its real estate ambitions. For ITC, the acquisition cements its leadership in paper. The deal marks a fundamental shift in the industry dynamics.
Real Estate
ITC Acquires Pulp and Paper Division of Aditya Birla for ₹3,498 Crore
ITC Ltd is set to acquire the pulp and paper division of Aditya Birla Real Estate Ltd (formerly Century Textiles & Industries) for ₹3,498 crore, a move that will significantly bolster its presence in the paper and packaging industry.
real estate news
ITC Acquires Aditya Birla's Uttarakhand Paper Unit in Strategic Move
ITC, a market leader in paper production, has acquired Aditya Birla's Uttarakhand paper unit for Rs 3,498 crore. This strategic move underscores ITC's commitment to expanding its paper production capacity and solidifying its market position.
Real Estate
Aditya Birla Real Estate Ltd Sells Century Pulp and Paper Business to ITC for ₹3498 Crore
Aditya Birla Real Estate Ltd (ABREL) has announced the sale of its pulp and paper unit in Lalkuan, Uttarakhand, to ITC Limited for a significant sum of ₹3498 crore. This strategic move aims to enhance financial flexibility and focus on core business operations.
real estate news
ABREL Sells Century Pulp and Paper Business to ITC for ₹3498 Crore
Aditya Birla Real Estate Ltd (ABREL) has announced the sale of its pulp and paper business, Century Pulp and Paper, to ITC for Rs 3498 crore. This strategic move aligns with ABREL's focus on optimizing its asset portfolio and enhancing shareholder value.
real estate news
Aditya Birla Real Estate Streamlines Portfolio, Sells Century Pulp and Paper to ITC for Rs 5,000 Crore
Aditya Birla Group, a leading conglomerate, has sold its Century Pulp and Paper unit to ITC for Rs 5,000 crore. This strategic move aims to streamline the real estate portfolio and focus on core businesses.