Auction for Sale of Government Stocks.

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..... Auction for Sale of Government Stocks. - News and Press Release Dated:- 16-1-2012 - News - Press Information Bureau Government of India Ministry of Finance 16-January-2012 18:30 IST Auction for Sale of Government Stocks Government of India have announced the sale (re-issue) of (i) 7.83 percent Government Stock 2018 for a notified amount of Rs.4,000 crore (nomina .....

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..... l), (ii) 8.79 percent Government Stock 2021 for a notified amount of Rs.7,000 crore (nominal), and (iii) 8.83 percent Government Stock 2041 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 January 20, 2012 (Frida .....

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..... y). 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 January 20, 201 .....

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..... 2. 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 12.30 p.m. The result of the auctions will be announced on January 20, 2012 and payment by successful bidders will be on January 23, 2012 (Monday). The Stocks will be eligible for When Issued trading in accordance wit .....

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..... h the guidelines on When Issued transactions 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: Pausha 26, 1933; January 16, 2012 DSM/SS/GN - News - Press release - PIB Tax Management India - taxmanagementindia - t .....

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..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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