Aditya Birla Real Estate Completes ₹3,498 Crore Century Pulp & Paper Divestment to ITC Limited
ABREL Completes ₹3,498 Crore Pulp and Paper Divestment to ITC
Aditya Birla Real Estate Limited confirmed on August 1, 2026, the completion of its slump sale of the 'Century Pulp and Paper' business to ITC Limited. The transaction was approved by shareholders on July 30, 2025, and finalized on August 1, 2026.
Transaction Details
The slump sale involved the Company's Pulp and Paper undertaking situated in Lalkuan, Uttarakhand. The transfer was for a lump-sum cash consideration of Rs. 3498 Cr., paid by ITC to ABREL. The deal includes the transfer of all associated assets, liabilities, and employees, marking a strategic shift for the company.
The terms and conditions of the sale were detailed in a Business Transfer Agreement originally entered into on March 31, 2025, with subsequent amendments and modifications considered. The Competition Commission of India approved the proposed acquisition vide its letter dated December 16, 2025.
Strategic Rationale and Implications
The divestment of the Pulp and Paper undertaking is a value unlocking exercise for ABREL, enabling the Company to pursue growth opportunities in its core business—real estate. The move allows the company to streamline its operations and focus on its core real estate portfolio.
Century Pulp and Paper was established in 1984 as one of the pioneers in the Paper industry, manufacturing Paper, Board, Tissue and Pulp products at one of the largest single-location integrated manufacturing facilities. The facility has a total finished product capacity of 4.81 Lakh MTPA, backed by the manpower of 6000+ people.
About Aditya Birla Real Estate and Birla Estates
Birla Estates Private Limited is a wholly-owned subsidiary of Century Textiles and Industries Limited, a diversified conglomerate with interests in real estate, textiles, and pulp and paper. Building on a rich heritage spanning over 125 years, Century Textiles and Industries Limited ventured into real estate in 2016 with the establishment of Birla Estates.
In FY 2025-26, Birla Estates achieved record bookings of ₹8,136 Crores. Upcoming developments have a gross development value (GDV) of over ₹60,000 crore. Birla Estates has delivered 3,100 homes across various projects and 20 million square feet area is under development.
The company boasts a strong commercial portfolio, including two premium commercial buildings in Worli, Mumbai, offering approximately 600,000 square feet of leasable space. Headquartered in Mumbai, Birla Estates currently operates regional offices in Mumbai, NCR, and Bangalore.