CCI approves ITC's acquisition of Century Pulp and Paper

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

ITC · price

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

-0.4%Reaction day

₹402.00

prior close

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%-0.2% vs market

Fast Moving Consumer Goods peers, median of 281sector · sector level-0.5%+0.1% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.1 pts more than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

ITC has received Competition Commission of India approval to acquire the pulp and paper business (Century Pulp and Paper) of Aditya Birla Real Estate Limited as a going concern on a slump sale basis. This updates ITC's earlier announcement from 31 March 2025 and clears a key regulatory hurdle for the deal.

Likely market impact

Strengthens ITC's paperboards business by adding Century Pulp and Paper; moves the deal closer to completion after CCI clearance.