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TMI BlogAuction for Sale (Re-issue) of Government StocksX X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-issue) of Government Stocks - News and Press Release Dated:- 16-11-2018 - News - The Government of India has announced the Sale (Re-issue) of (i) 8.24 per cent Government Stock, 2027 for a notified amount of Rs. 3,000 crore (nominal) through price based auction , (ii) 7.17 per cent Government Stock, 2028 for a notified amount of ₹ 4,000 crore (nominal) through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... price based auction , (iii) 7.50 per cent Government Stock, 2034 for a notified amount of ₹ 2,000 crore (nominal) through price based auction , and (iv) 8.13 per cent Government Stock, 2045 for a notified amount of ₹ 3,000 crore (nominal) through price based auction . Subject to the limit of ₹ 12,000 crore, being total notified amount, Government of India will have the opti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on to retain additional subscription up to ₹ 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 22, 2018 (Thursday). Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ividuals 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 November 22, 2018 . The non-competitive bids should be submitted between 11.00 a.m. and 12.00 noon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and the competitive bids should be submitted between 11.00 a.m. and 12.30 p.m. The result of the auctions will be announced on November 22, 2018 (Thursday) and payment by successful bidders will be on November 26, 2018 (Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Securi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties issued by the Reserve Bank of India vide Circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time. - 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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