Aditya Birla Real Estate Limited has successfully completed the slump sale and transfer of its Pulp and Paper undertaking, previously operated as ‘Century Pulp and Paper’, to ITC Limited. This significant transaction, approved by shareholders on July 30, 2025, was finalized on August 1, 2026. The deal includes the transfer of all associated assets, liabilities, and employees, marking a strategic shift for the company.
Transaction Completion Announced
Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) announced today, August 1, 2026, the completion of its slump sale and transfer of the Pulp and Paper undertaking. This undertaking was operated under the brand name ‘Century Pulp and Paper’. The transaction involved the sale of the business as a going concern, including all related assets, liabilities, contracts, and employees.
Strategic Sale to ITC Limited
The buyer in this significant transaction is ITC Limited. Shareholders of Aditya Birla Real Estate Limited had previously granted their approval for this sale on July 30, 2025. The terms and conditions of the sale were detailed in a Business Transfer Agreement that was originally entered into on March 31, 2025, with subsequent amendments and modifications considered.
Regulatory Compliance
This disclosure is made in accordance with Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirms that the transaction has been fully completed as of the announcement date, representing a key strategic move for Aditya Birla Real Estate Limited.
Source: BSE
