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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:- 19-6-2012 - News - Press Information Bureau Government of India Ministry of Finance 18-June-2012 18:42 IST Auction for Sale of Government Stocks Press Note Government of India have announced the Sale (Re-issue) of (i) 8.19 percent Government Stock 2020 for a notified amount of ` 4,000 crore (nomina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l) through price based auction, (ii) 9.15 percent Government Stock 2024 for a notified amount of Rs. 7,000 crore (nominal) through price based auction, (iii) 8.28 percent Government Stock 2027 for a notified amount of Rs. 2,000 crore (nominal) through price based auction and (iv) 8.83 percent Government Stock 2041 for a notified amount of Rs. 2,000 crore (nominal) through price based au ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 22, 2012 (Friday) using uniform price method. 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-competiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on June 22, 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 be announced on June 22, 2012 and payment by successful bidders will be on June 25 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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. Department of Economic Affairs, Ministry of Finance,Government of India New Delhi: Jyaistha 28, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1934; June 18, 2012 DSM/Hb - 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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