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Monday, Apr 11, 2005

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Money & Banking - Corporate Bonds


SIDBI relaunches capital gains bonds

Our Bureau

Mumbai , April 10

THE Small Industries Development Bank of India (SIDBI) is relaunching on Monday its on-tap capital gains bonds issue under Section 54 EC of Income-Tax Act, 1961 by way of private placement.

The bond has been assigned a rating of `AAA' by Care. Instruments carrying this rating are considered to be carrying negligible investment risk, said a press release.

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