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Lic Swaps Rs 1,700 Crore Gilts With Sbi

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Freny Patel BUSINESS STANDARD

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

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