Aucton Sale of Govt. Stock

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..... Aucton Sale of Govt. Stock - News and Press Release Dated:- 15-1-2013 - News - Press Information Bureau Government of India Ministry of Finance 14-January-2013 20:33 IST Government of India have announced the sale (re-issue) of- (i) 8.07 percent Government Stock 2017-JUL for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) 8.33 percent Gover .....

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..... nment Stock 2026 for a notified amount of Rs. 6,000 crore (nominal) through price based auction, and (iii) 8.97 percent Government Stock 2030 for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 18, 2013 (Fri .....

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..... day). 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 Reserve Bank of India Core Banking Solution (E-Kuber) System on January .....

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..... 18, 2013. 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. and12.00 noon. The result of the auctions will be announced on January 18, 2013 and payment by successful bidders will be on January 21, 2013 (Monday). The Stocks will be eligible for When Issued trading in accordance with the guidelin .....

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..... es 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. *** RS/- - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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