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TMI BlogAuction for Sale (Re-Issue) of ‘6.18% GS 2024’,X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-Issue) of ‘6.18% GS 2024’, - News and Press Release Dated:- 6-1-2020 - News - Auction for Sale (Re-Issue) of 6.18% GS 2024 , Auction for Sale (Re-issue) of 7.57% GS 2033 , Auction for Sale (Re-Issue) of 7.69% GS 2043 , and Auction for Sale (Re-Issue) of 7.72% GS 2049 Government of India has announced the Sale (Re-issue) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (i) 6.18 per cent Government Stock, 2024 for a notified amount of ₹ 4,000 crore (nominal) through price based auction ,(ii) 7.57 per cent Government Stock, 2033 for a notified amount of ₹ 6,000 crore (nominal) through price based auction ,(iii) 7.69 per cent Government Stock, 2043 for a notified amount of ₹ 2,000 crore (nominal) through price based auction ,an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d (iv) 7.72 per cent Government Stock, 2049 for a notified amount of ₹ 4,000 crore (nominal) through price based auction .Subject to the limit of Rs. 16,000 crore , being total notified amount, GoI will have the option to retain additional subscription up to ₹ 1,000 crore each against anyone or more of the above securities. The auctions will be conducted using multiple price ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... method . The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 10, 2020(Friday) . Up to 5% of the notified amount of the sale of the stockswill be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. Both c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompetitive 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 January 10, 2020 . The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noonand the competitive bids should be submitted between 11.30 a.m. and 12.30 p.m. The result of the auctions w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill be announced on January 10, 2020(Friday) and payment by successful bidders will be on January 13, 2020(Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Securities issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July24, 2018 as amende ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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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