ITC buys Century Pulp and Paper of Aditya Birla Group for ₹3,498 Crore, Consolidates its Leadership in Sustainable Packaging

ITC Ltd has completed the acquisition of Century Pulp and Paper (CPP), the pulp and paper business of Aditya Birla Real Estate Limited (ABREL), for ₹3,498 crore. The transaction, cleared by ABREL's board on March 31, 2025, is a milestone in ITC's diversification plan and underscores its position as India's paper and packaging leader.

 

Key Highlights:

Leadership Insights

R.K. Dalmia, managing director of ABREL, stated, "CPP has been delivering consistent performance. With ITC as its new master, we expect that it will achieve still higher success."

 

Optimistic Outlook:

This takeover makes ITC a market leader in India's paper sector and helps in sustainable development goals. Approvals from the regulators are pending before the deal is sealed.

 

Sources: Economic Times, Moneycontrol; March 31, 2025