Century Textile Plans Overhaul, Seeks Paper Unit Sale to ITC: Report

Mumbai: Century Textile and Industries is in talks to sell its paper unit to ITC Ltd, India's largest cigarette maker, as part of an overhaul of businesses owned by the prominent Birla family, two sources directly involved in the deal said. The sources said the planned sale was part of a broader move to streamline Birla family holdings and to transfer Century Textile's core businesses from the leadership of chairman Basant Kumar Bir...