Repurchase of Government Securities through Reverse Auction for an aggregate amount of ₹ 10,000 crore (face value)

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..... Repurchase of Government Securities through Reverse Auction for an aggregate amount of ₹ 10,000 crore (face value) - News and Press Release Dated:- 8-3-2017 - News - The Government of India has announced the repurchase of its Securities through reverse auction for an aggregate amount of ₹ 10,000 crore (face value). The security-wise details of the repurchase are given as under: .....

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..... S.No. Nomenclature Date of Maturity 1. 7.49% GS 2017 (conv) 16-Apr-2017 2. 8.07% GS 2017-Jul 03-Jul-2017 3. 7.99% GS 2017 09-Jul-2017 4. 7.46% GS 2017 .....

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..... 28-Aug-2017 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 adhoc in nature. Auction for securities will be on price-based auction format. The auctions will be conducted using multiple price method. Bids for the auc .....

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..... tion should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on march 09, 2017 (Thursday) 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 .....

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