SMP exits as ABREL completes sale of CPP division to ITC
ABREL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 1.1 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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Mr. Ajay Kumar Gupta, CEO of the erstwhile Century Pulp and Paper (CPP) division, has ceased as Senior Management Personnel of Aditya Birla Real Estate Limited effective 16 September 2026. The exit follows the sale of the CPP business to ITC Limited on a slump sale basis as a going concern, announced earlier on 1 August 2026.
Procedural leadership change tied to the completed CPP divestiture to ITC. No fresh strategic impact on the remaining real estate business.