Auction for Sale of Government Stock

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..... Auction for Sale of Government Stock - News and Press Release Dated:- 12-4-2011 - News - Press Information Bureau Government of India Ministry of Finance 11-April-2011 18:24 IST Auction for Sale of Government Stock Government of India have announced the sale (re-issue) of (i) 7.59 percent Government Stock 2016 for a notified amount of Rs.4,000 crore (nominal), (ii) 8.08 pe .....

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..... rcent Government Stock 2022 for a notified amount of Rs.5,000 crore (nominal) and (iii) 8.26 percent Government Stock 2027 for a notified amount of Rs.3,000 crore (nominal) through price based auctions. 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 April 15, 2011 (Friday). Up to 5% of t .....

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..... he 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 on the Negotiated Dealing System (NDS) on April 15, 2011. The non-competitive bids should be submitt .....

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..... ed between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.30 p.m. The result of the auctions will be announced on April 15, 2011 and payment by successful bidders will be on April 18, 2011 (Monday). The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Securit .....

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..... ies issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time. Department of Economic Affairs, Ministry of Finance New Delhi: Chaitra 21, 1933; April 11, 2011 DSM/BY/GN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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