CCI approves ITC's ₹3,498 crore acquisition of Aditya Birla unit
pre-market1 source ↓written by the desknot a recommendation
The Competition Commission of India (CCI) has approved ITC Limited’s ₹3,498 crore acquisition of the paper and pulp business from Aditya Birla Real Estate. This clearance allows the transfer of the Lalkuan facility in Uttarakhand, enabling ABREL to focus on its core real estate operations. The move is seen as a strategic decision to enhance shareholder value.
This acquisition may strengthen ITC's position in the paper sector and could positively impact its revenue streams in the long term.
Not investment advice. For informational purposes only.