Cci Clears Itc’s ₹3,498-Crore Acquisition Of Aditya Birla Real Estate’s Century Pulp And Paper

India’s Competition Commission has approved ITC Limited’s ₹3,498-crore acquisition of Aditya Birla Real Estate Limited’s pulp and paper business, paving the way for ITC to take over the Century Pulp and Paper unit at Lalkuan, Uttarakhand as a going concern via slump sale. The transaction will transfer ABREL’s entire pulp and paper undertaking – including assets, liabilities, contracts and employees – to ITC, strengthening the conglomerate’s Paperboards and Specialty Papers Division and expanding its 4.8 lakh tpa domestic capacity base in printing, writing, tissue and packaging grades. For ABREL, the divestment unlocks value and enables sharper focus on its core real estate operations, while regulators see no material competition concerns given India’s fragmented, multi-player paper market. The deal now moves into execution and closing, after which ITC plans to integrate CPP into its broader fibre value chain and leverage synergies in sourcing, energy, logistics and downstream packaging.