Aditya Birla Money Approves Rs 200 Crore Preference Share Private Placement

Board approved up to Rs200 crore 5% cumulative redeemable preference issue: Rs140 crore to promoter Aditya Birla Capital and Rs60 crore to Alpha Alternatives, West Coast Paper and Andhra Paper, 5-year tenure with 3-year call, pending Dec 11 EGM; also appointed two senior managers.