Business Standard

Lic Tenants Hit The Roof

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BUSINESS STANDARD

The 55-year old Khadi Bhandar in Mumbai could face closure as landlord Life Insurance Corporation of India (LIC) has revised the monthly rental from Rs 57,481 to Rs 14.24 lakh, a jump in excess of 24 times. The revision is with effect from November 2000.

LIC has stirred a hornet

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First Published: Jun 06 2001 | 12:00 AM IST

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