TMI BlogAuction for Sale (Re-Issue) of ‘6.18% GS 2024’,X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-Issue) of ‘6.18% GS 2024’, - News and Press Release Dated:- 10-12-2019 - News - Auction for Sale (Re-Issue) of 6.18% GS 2024 , Auction for Sale (Re-issue) of 7.57% GS 2033 , Auction for Sale (Re-Issue) of 7.69% GS 2043 , and Auction for Sale (Re-Issue) of 7.72% GS 2049 . The Government of India has announced the Sale (Re-is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sue) of (i) 6.18 per cent Government Stock, 2024 for a notified amount of Rs 4,000 crore (nominal) through price based auction , (ii) 7.57 per cent Government Stock, 2033 for a notified amount of ₹ 6,000 crore (nominal) through price based auction , (iii) 7.69 per cent Government Stock, 2043 for a notified amount of ₹ 2,000 crore (nominal) through price based auctio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n , and (iv) 7.72 per cent Government Stock, 2049 for a notified amount of ₹ 4,000 crore (nominal) through price based auction . Subject to the limit of Rs 16,000 crore , being total notified amount, GoI will have the option to retain additional subscription up to Rs 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le price method . The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 13, 2019 (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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 on December 13, 2019 . The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and 12.30 p.m. The resu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lt of the auctions will be announced on December 13, 2019 (Friday) and payment by successful bidders will be on December 16, 2019 (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 vide circular No. RBI/2018-19/25 dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed July 24, 2018 as amended from time to time. - 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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