
ITC to acquire Birla’s pulp & paper unit in Rs 3,500cr deal
ITC said on Monday it would acquire the pulp and paper business of Aditya Birla Real Estate for up to Rs 3,500 crore ($410 million).The acquisition will add 480,000 metric tonnes per year of capacity to ITC’s paperboards and specialty papers business, the company said.The deal comes as ITC’s paperboards, paper, and packaging segment faces…