Aditya Birla Real Estate Limited — Board Meeting, 31-03-2025: Outcome of Board Meeting

Aditya Birla Real Estate has announced a board meeting outcome regarding the divestment of its Pulp and Paper undertaking to ITC Limited for a cash consideration of ₹3,498 Crore. This business transfer is aimed at streamlining operations and allowing the company to focus on its core real estate ventures. The transaction is set to unlock value for shareholders and is expected to complete in about six months, pending necessary regulatory approvals. The Pulp and Paper division generated ₹3,375 Crore in revenue for the last fiscal year, representing a significant portion of the company's total income.