Announced Sat, 1 Aug · 17:56 IST
ITC completes acquisition of Century Pulp and Paper from Aditya Birla Real Estate
ITC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹280.85
prior close
₹284.45
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+0.7+2.6+2.4+2.9+2.2+1.8+1.4+0.6-1.5————
Up moveDown movePending
AI summary
ITC has completed the acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, operated under the name Century Pulp and Paper. The deal was done as a going concern on a slump sale basis, covering assets, liabilities, contracts and employees, under the Business Transfer Agreement dated 31st March 2025. This strengthens ITC's Paperboards and Packaging portfolio by adding an existing manufacturing operation.
Likely market impact
Boosts ITC's paperboards and packaging capacity and vertical integration. Likely neutral to mildly positive in the near term as integration plays out.