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Century Textiles in talks with ITC to sell its paper division: Report

22 Apr 2015 Evaluate

Century Textiles & Industries is reportedly in talks with ITC  to sell its paper division. Moreover, the company’s textile division will be merged with Aidtya Birla Nuvo.

Meanwhile, Century Textiles & Industries is planning to spin off its cement business and merge it in an all-share deal with India’s largest cement maker UltraTech. Both companies are in the final stages of a plan to merge the cement businesses.

Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.

 

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