Aditya Birla Real Estate sells Birla Advanced Knits assets to RSWM for ₹54 crore

The real estate branch of Aditya Birla Group, Aditya Birla Real Estate Ltd (ABREL), on Monday (October 13), said its joint venture, Birla Advanced Knits Private Ltd (BAKPL), has closed its operations at Jhagadia in Gujarat following the sale of all plant and machinery to RSWM Ltd for ₹54.11 crore in cash.

The sale agreement was executed on October 13, 2025, marking the complete closure of the joint venture’s knit fabric business by the end of the same day. The company said BAKPL, a joint venture between Aditya Birla Real Estate and Grasim Industries Ltd, discontinued its operations due to non-viability arising from economic disadvantages and high operational costs.

Also Read: Aditya Birla Real Estate sells pulp and paper business to ITC for ₹3,498 crore

ABREL had previously disclosed that the business operations of the joint venture were not sustainable, noting that its equity investment in BAKPL stood at ₹114 crore, which had already been provided for in FY2024–25.

Following the transaction, all operations of BAKPL have ceased, and the company has completed the sale of all related plant, accessories, and spares to RSWM Ltd.

Shares of Aditya Birla Real Estate Ltd ended at ₹1,611.70, down by ₹16.00, or 0.98%, on the BSE.

Also Read: Aditya Birla Real Estate: FY25 booking value at ₹8,000 cr, more than doubles YoY

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