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LIC in pact with SBI Caps

By Our Special Correspondent

MUMBAI SEPT. 17. Life Insurance Corporation of India today signed an agreement with SBI Capital Markets (SBI Caps) to pursue a strategic alliance in areas of mutual interest.

The key areas covered by the alliance are: project advisory and structured finance, private placement of fixed income securities, public issues, broking services, sales and distribution and exchange of economic and securities research between LIC and SBI Caps.

In terms of the MoU, LIC and SBI Caps would provide mutual support in all these areas, with LIC considering suitable investment and loan proposals and SBI Caps rendering investment banking services including advisory, wherever feasible.

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