Auction for Sale (Re-Issue) of Government Stocks

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..... Auction for Sale (Re-Issue) of Government Stocks - News and Press Release Dated:- 1-5-2015 - News - The Government of India have announced the Sale (issue/re-issue) of (i) 7.68 per cent Government Stock 2023 for a notified amount of ₹ 3,000 crore (nominal) through price based auction , (ii) new security maturing on March 19, 2030 for a notified amount of ₹ 7,000 crore (nominal) .....

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..... through yield based auction , (ii) 8.24 per cent Government Stock 2033 for a notified amount of ₹ 3,000 crore (nominal) through price based auction , and (iv) 8.17 per cent Government Stock 2044 for a notified amount of ₹ 3,000 crore (nominal) through price based auction . The auctions will be conducted using multiple price method. The auctions will be conducted by the Reser .....

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..... ve Bank of India (RBI), Mumbai Office, Fort, Mumbai on May 08, 2015 (Friday) . 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. Both competitive and non-competitive bids for the auction should be submitted in electronic format .....

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..... on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 08, 2015 . 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. The result of the auctions will be announced on May 08, 2015 and payment by successful bidders will be on May 11, 2015 (Monday) . The Stocks wi .....

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..... ll be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Securities issued by the Reserve Bank of India (RBI) vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI .....

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..... - TMITax .....

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