Auction for Sale of Government Stocks

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..... Auction for Sale of Government Stocks - News and Press Release Dated:- 30-4-2013 - News - Government of India have announced the sale (re-issue) of (i) 7.83 per cent Government Stock 2018 for a notified amount of Rs.3,000 crore (nominal), (ii) 8.33 per cent Government Stock 2026 for a notified amount of Rs. 6,000 crore (nominal), (iii) 8.97 per cent Government Stock 2030 for a notified amo .....

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..... unt of Rs.3,000 crore (nominal), and (iv) 8.83 per cent Government Stock 2041 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 (RBI), Mumbai Office, Fort, Mumbai on May 3, 2013 (Friday). Up to 5% of the notified amount of the sale of the stocks w .....

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..... ill 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 May 3, 2013. The non- competitive bids should be submitted between 11.30 a. .....

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..... m. and 12.30 p.m. and the competitive bids should be submitted between 11.30 a.m. and 1.00 p.m. The result of the auctions will be announced on May 3, 2013 and payment by successful bidders will be on May 6, 2013 (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 .....

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..... 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: Vaisakha 9, 1935; April 29, 2013 DSM/RS/ka (Release ID :95287) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMI .....

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..... Tax .....

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