CCI approves ITC's ₹3,498 crore acquisition of Aditya Birla unit
after close1 source ↓written by the desknot a recommendation
The Competition Commission of India (CCI) approved ITC Limited's ₹3,498 crore acquisition of Aditya Birla Real Estate's paper and pulp business. This clearance allows the transfer of the Lalkuan facility in Uttarakhand, enabling ITC to enhance its manufacturing capabilities. The divestment aligns with Aditya Birla's strategy to focus on its core real estate operations.
Not investment advice. For informational purposes only.