CCI approves ITC's acquisition of ABREL's Pulp and Paper business

Listed Co AcquisitionCore Business DivestedStrategic Transactions View source PDF Explain this filing

ABREL · price

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹1700.00

prior close

₹1746.50

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%+2.8% vs market

Residential Commercial Projects peers, median of 61sector-0.9%+3.0% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 3.0 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Residential Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Competition Commission of India has approved ITC Limited's proposed acquisition of Aditya Birla Real Estate Limited's Pulp and Paper business, operated under the name Century Pulp and Paper. The deal is structured as a slump sale on a going concern basis. This follows ABREL's earlier disclosure from March 2025. ABREL, formerly Century Textiles and Industries, is divesting its paper unit to ITC to sharpen its focus on its real estate business.

Likely market impact

Pulp and Paper exit moves closer to completion, letting ABREL focus on real estate and unlock value for shareholders.