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:- 1-8-2011 - News - Press Information Bureau Government of India Ministry of Finance 01-August-2011 18:06 IST Auction for Sale (Re-issue) of Government Stocks Press Note Government of India have announced the sale (re-issue) of (i) 8.07 percent Government Stock 2017 for a notified amount of .....

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..... Rs.4,000 crore (nominal), (ii) 8.13 percent Government Stock 2022 for a notified amount of Rs.5,000 crore (nominal) and (iii) 8.28 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 Aug .....

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..... ust 05, 2011 (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 on the Negotiated Dealing System (NDS) on August 05, 2011. The .....

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..... 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 12.30 p.m. The result of the auctions will be announced on August 05, 2011 and payment by successful bidders will be on August 08, 2011 (Monday). The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued tr .....

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..... ansactions 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. Department of Economic Affairs, Ministry of Finance New Delhi: Shravana 10, 1933; August 01, 2011 DSM/SS/GN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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..... - TMI - TaxTMI - TMITax .....

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