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Aditya Birla group sells pulp, paper biz to ITC for ₹ 3,500 cr

April 01, 2025

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The New Indian Express Tadepalligudem

ADITYA BIRLA REAL ESTATE LTD (ABREL) will sell its pulp and paper business - Century Pulp and Paper (CPP) -- situated in Lalkuan, Uttarakhand by way of slump sale to ITC Limited for ₹3,498 core.

- ENS ECONOMIC BUREAU @ New Delhi

The company said in a statement 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. Speaking on the transaction, RK Dalmia, managing director, Aditya Birla Real Estate Ltd, said: "The divestment of the Pulp and Paper undertaking by AB

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