all
ITC has emerged as the leading contender to acquire Century Pulp and Paper (CPP) from the Aditya Birla Group, offering Rs 3,000-3,500 crore. West Coast Paper Mills is also competing closely.
ITC has emerged as the leading contender to acquire Century Pulp and Paper (CPP) from the Aditya Birla Group, offering Rs 3,000-3,500 crore. West Coast Paper Mills is also competing closely. The deal is in its final stages, with a decision expected soon. CPP, which has a 480,000-tonne annual production capacity, manufactures writing, printing, copier, tissue paper, and paper board, serving industries like consumer goods, pharmaceuticals, cosmetics, and cigarettes. The Aditya Birla Group aims to free up capital for its diverse business ventures. JK Paper was initially interested but is no longer in contention.