LIC laps up Essar Power's bonds for Rs 1,000 crore

Sep 12 2013, 12:11 IST
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Insurer lured by coupon rate of 12.5%, about 200-bps premium (Thinkstock) Insurer lured by coupon rate of 12.5%, about 200-bps premium (Thinkstock)
SummaryInsurer lured by coupon rate of 12.5%, about 200-bps premium

profit of R335 crore last year, citing higher interest costs and losses sustained by the company's Salaya power plant.

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