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ITC gets CCI’s nod for acquisition of Century Pulp & Paper
Source ITC Ltd (opens in a new tab)Business Line (opens in a new tab)BSE announcement (opens in a new tab)
ITC Ltd has received approval from the Competition Commission of India (CCI) for its proposed acquisition of the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) which operates as Century Pulp & Paper . The transaction involves acquiring the entire pulp and paper undertaking as a going concern on a slump sale basis.