ITC has received Competition Commission of India’s (CCI) approval for acquisition of paper and pulp manufacturing business of Aditya Birla Real Estate.
The proposed combination refers to the sale of paper and pulp manufacturing business of Aditya Birla Real Estate (Target Business) to ITC, as a going concern, in accordance with the Business Transfer Agreement executed between the Parties.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
