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.
