TMI BlogAuction for Sale of Government StocksX X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale of Government Stocks - News and Press Release Dated:- 3-8-2015 - News - Press Information Bureau Government of India Ministry of Finance 03-August-2015 18:36 IST The Government of India have announced the Sale (re-issue) of (i) 7.35 per cent Government Stock 2024 for a notified amount of Rs. 2,000 crore (nominal) through price based auction , (ii) 7.88 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per cent Government Stock 2030 for a notified amount of Rs. 6,000 crore (nominal) through price based auction , (iii) 7.95 per cent Government Stock 2032 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 b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on August 07, 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 competit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive 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 on August 07, 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 August 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7, 2015 and payment by successful bidders will be on August 10, 2015 (Monday) . The Stocks will 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. Department Of Economic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Affairs, Ministry of Finance, Government of India North Block, New Delhi-110001 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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