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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.
International Paper (IP) acquired DS Smith for USD 7.2 billion on January 31, 2025, forming a global leader in sustainable packaging solutions. The acquisition involved issuing approximately 179.8 million new IP shares at a ratio of 0.1285 shares per DS Smith ordinary share. The newly combined company will be listed on the New York Stock Exchange and later on the London Stock Exchange. IP aims to expand in North America and Europe, enhancing its market position. CEO Andrew Silvernail highlighted that the merger will drive growth, profitability, and customer service excellence with a strong focus on sustainability.