Lic Swaps Rs 1,700 Crore Gilts With Sbi
The Life Insurance Corporation of India (LIC) has swapped government paper worth Rs 1,700 crore with the State Bank of India (SBI) in an off-market deal. The deal was struck at current market prices.
The insurance company swapped its short-term gilts of 5-7 year maturity with the bank
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First Published: Feb 12 2003 | 12:00 AM IST