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Aditya Birla Real Estate streamlines portfolio, sells Century Pulp and Paper to ITC for Rs 3,498 crore
Aditya Birla Real Estate Limited board approved the divestment of its pulp and paper venture in Uttarakhand to ITC Limited for Rs 3,498 crore. This strategic move will refocus ABREL on real estate. The deal awaits regulatory approvals, including from the Competition Commission of India. JM Financial and AZB & Partners advised on the transaction.
Aditya Birla Real Estate Limited board approved the divestment of its pulp and paper venture in Uttarakhand to ITC Limited for Rs 3,498 crore. This strategic move will refocus ABREL on real estate. The deal awaits regulatory approvals, including from the Competition Commission of India. JM Financial and AZB & Partners advised on the transaction.
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