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Aditya Birla's paper biz sale amplifies focus on real estate

Mint New Delhi

|

April 02, 2025

A breather The paper business sale is expected to reduce the pressure on ABREL's balance sheet.

- Pallavi Pengonda

Aditya Birla Real Estate Ltd (ABREL) is selling its paper division, Century Pulp and Paper, to ITC Ltd to sharpen its focus on real estate. According to ABREL, the sale enhances strategic alignment, improves operational efficiency, and unlocks value for shareholders.

The sale consideration of nearly ₹3,500 crore exceeded expectations. Antique Stock Broking had valued the paper business at around ₹3,200 crore, while Nomura Global Markets Research, in its sum-of-the-parts valuation, estimated it at ₹2,000 crore, based on a 10x FY25 forecasted EV/Ebitda multiple.

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Mint New Delhi

Mint New Delhi

WHAT A YEAR AT COLUMBIA TAUGHT ΜΕ

An Indian journalist at Columbia University navigated a tumultuous year, learning unusual life lessons

time to read

8 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Central bank seen keeping its options open on Tata Sons IPO

A day after the Reserve Bank of India’s deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra’s comment leaving the matter open to interpretation.

time to read

2 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Festive demand, tax cut power up auto sales in Sep

Powered by tax cuts and festive spirits, automobile sales took off in September, cheering manufacturers across the board.

time to read

3 mins

October 02, 2025

Mint New Delhi

FPIs pull $2.7 bn off Indian stocks in Sep

Foreign portfolio investors (FPIs) withdrew $2.7 billion from Indian equities in September, extending their selling streak for a third straight month and putting 2025 on course for record foreign withdrawals, data from the National Securities Depository showed.

time to read

1 min

October 02, 2025

Mint New Delhi

RBI keeps options on Tata Sons listing

in debt around the same time. The RBI has yet to formally grant an exemption or extension.

time to read

1 min

October 02, 2025

Mint New Delhi

RBI did well to preserve its rate policy firepower

Subdued inflation didn't make India's central bank budge on its policy rate. Its expectation of firmer growth partly explains this. A monetary stimulus is best used when it's most needed

time to read

2 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

No rate cut, but RBI steps up to lift credit, buoy biz

Hint of December rate cut after two pauses; multiple measures to ease credit flow

time to read

3 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Hamas indicates it is open to Trump Peace Plan as it faces pressure from Muslim nations

Hamas has indicated it is open to accepting President Trump’s peace plan for Gaza but is asking for more time to review its conditions, Arab mediators said, as the militant group faces intensifying pressure from Muslim governments to agree to the Israel-backed proposal to end the devastating war.

time to read

4 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Chip leaders dangle juicy offers to snap up top campus talent

Chip giants including Nvidia Corp., Intel Corp., and Arm Holdings Plc. are aggressively recruiting at India’s elite engineering schools, chasing top talent critical tosupremacy in theage ofartificial intelligence (AI).

time to read

3 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Top firms tick boxes, but lag on diversity, independence

India’s top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.

time to read

2 mins

October 02, 2025

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