Thursday, 8 October 2026
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Aditya Birla Real Estate sells paper unit to ITC for Rs.3,498-Cr

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Aditya Birla Real Estate (ABREL - formerly Century Textiles and Industries) has sold its pulp and paper unit at Lalkuan in Uttarakhand to ITC for INR 3,498 crore on a slump sale basis. JM Financial Ltd acted as the exclusive financial advisor and AZB & Partners acted as the legal advisor to ABREL for this transaction.