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TMI BlogRepurchase of Government Securities Through Reverse Auction for Rs. 5,000 Crore AnnouncedX X X X Extracts X X X X X X X X Extracts X X X X ..... Repurchase of Government Securities Through Reverse Auction for Rs. 5,000 Crore Announced - News and Press Release Dated:- 21-3-2014 - News - The Government of India have announced the repurchase of its Securities through reverse auction for an aggregate amount of Rs. 5,000 crore (face value). The security-wise details of the repurchase are given as under: Sr. No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nomenclature Date of Maturity 1 6.07% Government Stock 2014 15-May-2014 2 10.00% Government Stock 2014 30-May-2014 3 7.32% Government Stock 2014 20-Oct-2014 4 10.50% Gove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rnment Stock 2014 29-Oct-2014 5 7.56% Government Stock 2014 3-Nov-2014 6 11.83% Government Stock 2014 12-Nov-2014 7 10.47% Government Stock 2015 12-Feb-2015 The repurchase by the Government of India will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be undertaken to prematurely redeem the Government Stocks by utilizing surplus cash balances. The above repurchase of the Government Stocks is purely ad hoc in nature. Auction for securities will be on price based auction format. The auctions will be conducted using multiple price method . Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banki ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng Solution (E-Kuber) system on March 24, 2014 (Monday) between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on the same day. - 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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