CCI approves ITC acquisition of Aditya Birla's paper business
after close1 source ↓written by the desknot a recommendation
The Competition Commission of India (CCI) has approved ITC Limited’s acquisition of the paper and pulp business from Aditya Birla Real Estate Limited. This acquisition, executed under a Business Transfer Agreement, includes a diverse range of products such as uncoated writing paper, kraft paper, and specialty grades.
This move is significant for both companies, enhancing ITC's position in the paper and packaging industry and expanding ABREL's focus on its core real estate operations. 📈
Not investment advice. For informational purposes only.