Auction sale of govt. stock

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..... Auction sale of govt. stock - News and Press Release Dated:- 23-7-2013 - News - Government of India have announced the Sale (re-issue) of (i) 7.38 percent Government Stock 2015 for a notified amount of Rs. 2,000 crore (nominal) through price based auction, (ii) 8.12 percent Government Stock 2020 for a notified amount of Rs. 3,000 crore (nominal) through price based auction , (iii) 8.20 pe .....

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..... rcent Government Stock 2025 for a notified amount of Rs. 7,000 crore (nominal) through price based auction and (iv) 8.32 percent Government Stock 2032 for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on July 26, 2013 ( .....

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..... Friday). 2. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 3. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system .....

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..... on July 26, 2013. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. 4. The result of the auctions will be announced on July 26, 2013 and payment by successful bidders will be on July 29, 2013 (Monday). 5. The Stocks will be eligible for When Issued trading in accordance with the .....

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..... guidelines on When Issued transactions in Central Government Securities issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time. DSM/RS (Release ID :97346) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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