April 1, 2025
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Aditya Birla group sells pulp & paper biz to ITC for Rs 3,500 crore
(20 second reading) Aditya Birla Real Estate Ltd (ABREL) will sell its pulp and paper business – Century Pulp and Paper (CPP) — located at Lalkuan in Uttarakhand by way of slump sale to ITC Limited for Rs 3,498 core.
ABREL said in a statement on Monday that the divestment of the pulp and paper undertaking is a value unlocking exercise for ABREL. “It will further enable the company to pursue growth opportunities in its core business—real estate,” it said.
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