Auction for Sale of Government Stocks

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..... Auction for Sale of Government Stocks - News and Press Release Dated:- 14-2-2012 - News - Press Information Bureau Government of India Ministry of Finance 13-February-2012 19:49 IST PRESS COMMUNIQUE Government of India have announced the Sale (Re-issue) of (i) 8.24 percent Government Stock 2018 for a notified amount of Rs.3,000 crore (nominal), (ii) 8.79 percent Governme .....

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..... nt Stock 2021 for a notified amount of Rs.6,000 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 February 17, 2012 (Friday). 2. Up to 5% of the noti .....

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..... fied 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. 3. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on February 17, 2012. The non- competitive bids should be submi .....

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..... tted 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. 4. The result of the auctions will be announced on February 17, 2012 and payment by successful bidders will be on February 21, 2012 (Tuesday). 5. The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Cen .....

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..... tral 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, North Block,Ministry of Finance New Delhi: February 13, 2012 DSM/SS/MVe/Hb - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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

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