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TMI BlogGovernment of India Announces the Repurchase of Its Securities Through Reverse Auction for an Aggregate Amount of ₹ 20,000 Crore (Face Value)X X X X Extracts X X X X X X X X Extracts X X X X ..... Government of India Announces the Repurchase of Its Securities Through Reverse Auction for an Aggregate Amount of ₹ 20,000 Crore (Face Value) - News and Press Release Dated:- 13-9-2014 - News - The Government of India have announced the repurchase of its Securities through reverse auction for an aggregate amount of ₹ 20,000 crore (face value). The security-wise details of the re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purchase are given as under: Sr No Nomenclature Date of Maturity 1 7.32 per cent Government Stock 2014 20-Oct-2014 2 7.56 per cent Government Stock 2014 03-Nov-2014 3 6.49 per cent Government Stock 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15 08-June-2015 4 7.17 per cent Government Stock 2015 14-June-2015 5 7.38 per cent Government Stock 2015(Conv) 03-Sep- 2015 The repurchase by the Government of India will be undertaken to prematurely redeem the Government Stocks by utilizing surplus cash balanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es. 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 Banking Solution (E-Kuber) system on September 16, 2014 (Tuesday) between 10.30 a.m. and 12.00 noon. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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