CCI Approves ITC's Acquisition of ABREL's Pulp & Paper Business
Aditya Birla Real Estate Limited (ABREL), formerly Century Textiles and Industries Limited, has received approval from the Competition Commission of India (CCI) for the proposed acquisition of its Pul...
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Why is Aditya Birla Real Estate Limited in the news today?
Aditya Birla Real Estate Limited (ABREL) is in the news due to the cci approval for the acquisition is a positive development for the company, removing a significant regulatory hurdle and paving the way for the transaction to proceed.
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CCI Approves ITC's Acquisition of ABREL's Pulp & Paper Business
December 17, 2025, 07:19 AM
Aditya Birla Real Estate Limited (ABREL), formerly Century Textiles and Industries Limited, has received approval from the Competition Commission of India (CCI) for the proposed acquisition of its Pulp and Paper business. This business, which operates under the name 'Century Pulp and Paper', will be acquired by ITC Limited on a slump sale basis as a going concern.
The approval was communicated by the CCI via a letter dated 16th December, 2025. This disclosure follows up on a previous letter sent by ABREL on 31st March, 2025, and is made in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company considers this information vital for investors and for record-keeping purposes.
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