ITC got the Competition Commission of India (CCI) approval for the acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate. The approval clears the way for ITC to take over the business as a going concern on a slump sale basis.
“The Competition Commission of India, vide letter dated 16th December, 2025, has approved the proposed acquisition of pulp and paper business of Aditya Birla Real Estate Limited (operated under the name of ‘Century Pulp & Paper’) by the Company as a going concern on a slump sale basis,” the company said in its regulatory filing.
Deal involves takeover of Century Pulp & Paper
The deal involves the sale of Aditya Birla Real Estate’s entire paper and pulp manufacturing business to ITC under a Business Transfer Agreement signed between the two parties.
The paper and pulp business of Aditya Birla Real Estate produces a wide range of products, including uncoated writing and printing paper such as creamwove, Maplitho and copier paper. It also manufactures kraft paper, virgin multi-layer board, tissue paper, cup stock and stiffener paper.
According to Birla Real Estate’s Q2FY26, the Pulp and paper business generated a revenue of Rs 821.37 crore on the consolidated basis.
Share price of ITC
The share price of ITC has declined 17.16% so far this year.
Share price of ITC
The Share price of Aditya Birla Real Estate, part of Aditya Birla group, has also declined 31.15% so far this year.