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TMI BlogRepurchase of Government Securities Through Reverse AuctionX X X X Extracts X X X X X X X X Extracts X X X X ..... Repurchase of Government Securities Through Reverse Auction - News and Press Release Dated:- 18-2-2016 - News - Top of Form Press Information Bureau Government of India Ministry of Finance 17-February-2016 19:52 IST The Government of India have announced the repurchase of its Securities through reverse auction for an aggregate amount of ₹ 15,000 crore (face val ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue). The security-wise details of the repurchase are given as under: S. No. Nomenclature Date of maturity 1 7.59% Government Stock 2016 12-Apr-2016 2 10.71% Government Stock 2016 19-Apr-2016 3 7.02% G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... overnment Stock 2016 17-Aug-2016 The repurchase by the Government of India will be undertaken to redeem prematurely 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 m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ethod. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 22, 2016 (Monday) between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on the same day ********** DSM - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia.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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