ITC Gets CCI Approval for Aditya Birla Real Estate’s Paper and Pulp Manufacturing Business ADITYA-BIRLA-REAL-ESTATE-CCI-APPROVES .jpg

The Competition Commission of India (CCI) has approved ITC Limited’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Limited (ABREL).  

The clearance allows the ₹3,498 crore transaction to proceed, subject to the terms agreed between the two companies. 

Scope of the Acquisition 

The approval relates to the sale of ABREL’s paper and pulp manufacturing operations to ITC as a going concern.  

The transfer will be executed through a Business Transfer Agreement signed by both parties. The transaction does not include ABREL’s real estate operations. 

Manufacturing Unit Included 

The deal covers ABREL’s pulp and paper undertaking at Lalkuan in Uttarakhand. The facility houses manufacturing assets and related infrastructure used for paper and paperboard production. The unit forms ABREL’s primary operational base in the pulp and paper segment. 

Products Under the Target Business 

The business includes the manufacture, distribution and sale of paper and paperboard products in the domestic market.  

Its product range comprises uncoated writing and printing paper such as creamwove, maplitho and copier paper. Other products include kraft paper, virgin multi-layer board, tissue paper, cup stock and stiffener paper. 

Board Approval  

ABREL’s board had approved the divestment of its paper and pulp business in March this year. Following the CCI’s decision, the transaction is expected to move into the execution stage in line with the Business Transfer Agreement and other customary conditions. 

Share Price Performance  

As of 9:48 AM on December 17, 2025, Aditya Birla Real Estate share price was trading at ₹1,753.80, a 3.14% increase from the previous closing price.  

While ITC share price was at ₹402.70, a 0.25% increase from the previous closing price. 

Read More: ₹5 Noodles, ₹1 Ketchup: Reliance Bets on Value with SIL Foods Relaunch! 

Conclusion 

With competition clearance granted, ITC’s acquisition of ABREL’s paper and pulp manufacturing business has crossed a key regulatory stage, bringing the ₹3,498 crore transaction closer to completion. 

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