ITC Limited — JV/Acquisition, 31-03-2025: Acquisition

ITC Limited has entered into a Business Transfer Agreement to acquire the pulp and paper business of Aditya Birla Real Estate Limited, known as Century Pulp and Paper, for up to ₹3,500 crore on a cash-free, debt-free basis. This acquisition aligns with ITC's strategy to expand its Paperboards and Specialty Papers Business by boosting capacity at a new site, addressing saturation at existing facilities. With an installed capacity of 4.8 lakh tonnes per annum, Century Pulp and Paper is expected to enhance economies of scale, operational efficiency, and provide locational advantages, contributing positively to profitability and potentially generating significant cash flow for ITC in the medium term.