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Aditya Birla Real Estate Ltd ( (IN:ABREL) ) has issued an update.
Aditya Birla Real Estate Limited has received approval from the Competition Commission of India for the acquisition of its Pulp and Paper business, known as Century Pulp and Paper, by ITC Limited. This strategic move, executed as a slump sale, is expected to streamline Aditya Birla’s operations by allowing it to concentrate more on its core real estate activities, while ITC Limited expands its portfolio in the pulp and paper sector.
More about Aditya Birla Real Estate Ltd
Aditya Birla Real Estate Limited, formerly known as Century Textiles and Industries Limited, operates in the real estate sector. The company has a history in textiles and industries but has shifted its focus to real estate development and related services.
Average Trading Volume: 8,619
Technical Sentiment Signal: Hold
Current Market Cap: 186.7B INR
For a thorough assessment of ABREL stock, go to TipRanks’ Stock Analysis page.