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TMI BlogAuction for Sale of Government Stocks.X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale of Government Stocks. - News and Press Release Dated:- 5-6-2012 - News - Press Information Bureau Government of India Ministry of Finance 05-June-2012 16:52 IST Auction for Sale of Government Stocks PRESS NOTE Government of India have announced the sale (re-issue) of (i) 8.24 percent Government Stock 2018 for a notified amount of Rs. 3,00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 crore (nominal) through price based auctions, (ii) New 10 Year Government Stock for a notified amount of Rs.7,000 crore (nominal) through yield based auctions, (iii) 8.97 percent Government Stock 2030 for a notified amount of Rs.3,000 crore (nominal) through price based auctions and (iv) 8.33 percent Government Stock 2036 for a notified amount of Rs. 2,000 crore (nominal) through price b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ased 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 June 08, 2012 (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 Governm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent Securities. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on June 08, 2012. 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 12.00 p.m. The result of the auctions will b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e announced on June 08, 2012 and payment by successful bidders will be on June 11, 2012 (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 /2006-07/178 dated November 16, 2006 as amended from time to time. Depar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tment of Economic Affairs, Ministry of Finance New Delhi: Jyaistha 15, 1934; June 05, 2012 DSM/GN - 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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