Aditya Birla Real Estate Completes Sale of Pulp and Paper Undertaking to ITC
Aditya Birla Real Estate Limited has completed the sale of its 'Century Pulp and Paper' undertaking to ITC Limited on August 1, 2026. The transaction, approved by shareholders on July 30, 2025, involved the transfer of assets, liabilities, and employees on a slump sale basis.
The sale of a major undertaking like the Pulp and Paper business is a significant strategic move that will alter the company's business profile and revenue streams, thus having a medium-term impact.
The announcement details the completion of a business divestiture, which is a significant corporate action but does not inherently imply positive or negative financial impact without further context.
Aditya Birla Real Estate Limited (ABREL), formerly known as Century Textiles and Industries Limited, has announced the completion of the sale and transfer of its Pulp and Paper undertaking, operated under the name 'Century Pulp and Paper', to ITC Limited. This transaction was completed on August 1, 2026.
The sale includes all associated assets, liabilities, contracts, and employees, and was conducted on a slump sale basis as a going concern. The terms and conditions of the transaction were detailed in a Business Transfer Agreement dated March 31, 2025, entered into between ABREL and ITC.
This development is in furtherance of the company's earlier intimations dated March 31, 2025, and December 17, 2025, and follows the approval received from the company's shareholders on July 30, 2025.
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Aditya Birla Real Estate Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aditya Birla Real Estate Limited. Read the original for the full detail.