ITC Limited has completed the acquisition of the Century Pulp and Paper business from Aditya Birla Real Estate Limited, marking a significant expansion of its paperboards, paper, and packaging business.
The company informed stock exchanges that the transaction was completed on August 1, 2026, following earlier announcements made on March 31, 2025, and December 17, 2025.
Acquisition Completed on Slump Sale Basis
ITC said it has acquired the pulp and paper undertaking, operated under the ‘Century Pulp and Paper’ brand, as a going concern on a slump sale basis in accordance with the Business Transfer Agreement dated March 31, 2025.
The acquisition includes the transfer of:
- Business assets
- Liabilities
- Contracts
- Employees
- Other related business operations
The company confirmed that the entire undertaking has been transferred as a going concern.
Strategic Expansion for ITC’s Paper Business
Century Pulp and Paper is one of India’s established integrated pulp and paper businesses. The acquisition is expected to strengthen ITC’s presence in:
- Paperboards
- Printing & writing paper
- Specialty paper
- Sustainable packaging solutions
The transaction aligns with ITC’s strategy of expanding its paperboards and packaging business while enhancing manufacturing capacity and operational scale.
Earlier Regulatory Approvals
The completion follows the execution of the Business Transfer Agreement in March 2025 and subsequent regulatory processes. With the closing of the transaction, Century Pulp and Paper now becomes part of ITC’s paperboards, paper, and packaging portfolio.
Key Highlights
- Acquirer: ITC Limited
- Seller: Aditya Birla Real Estate Limited
- Business Acquired: Century Pulp and Paper
- Completion Date: August 1, 2026
- Transaction Structure: Slump sale as a going concern
- Assets Transferred: Business assets, liabilities, contracts, employees, and related operations
The acquisition is expected to further strengthen ITC’s leadership in India’s paper and packaging industry while supporting its long-term growth strategy.
Source: NSE Filing
