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Mumbai, Maharashtra, India
Besides being a CHARTERED ACCOUNTANT from Institute of Chartered Accountants of India,SAP certified consultant(FICO) and A Director in an advertising Company,I am a BSE certified stock analyst(technical) and I trade regularly on Bombay stock exchange.Do you like to have some free reliable stock trading tips ??? Visit my blog daily and follow my research.

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Tuesday, August 17, 2010

BUY : LIC Housing

LIC Housing Said to Raise 3 Billion Rupees From 3-Year Bonds

Aug. 17 (Bloomberg) -- LIC Housing Finance Ltd., the home- loan-lending arm of India's largest insurer, sold 3 billion rupees ($64 million) of 8.4 percent bonds maturing in 2013, according to a person with direct knowledge of the matter.

The Mumbai-based company may decide to increase the size of the issue to meet demand, said the person, who asked not to be identified as the matter is private.

Telephone calls for comment to Chief Financial Officer Surinder Mohan's office made outside of office hours weren't answered.

To contact the reporter on this story: Suprotip Ghosh in Mumbai sghosh47@bloomberg.net .


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