The board of administrators of Aditya Birla Actual Property Ltd, belonging to the Aditya Birla group, has accredited the enterprise switch settlement for divestment of its pulp and paper enterprise located in Lalkuan, Uttarakhand by the use of a droop sale to ITC Ltd.
The switch of the enterprise shall be for a lump-sum money consideration of Rs 3,498 crore.
“The divestment of the pulp and paper enterprise is a price unlocking train for ABREL. It can additional allow the corporate to pursue progress alternatives in its core enterprise — actual property,” it stated in an announcement.
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