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TMI BlogAuction for Sale (Re-issue) of (i) 4.26% GS 2023,(ii) 6.10% GS 2031 and (iii) 6.76% GS 2061X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-issue) of (i) 4.26% GS 2023,(ii) 6.10% GS 2031 and (iii) 6.76% GS 2061 - News and Press Release Dated:- 28-8-2021 - News - The Government of India (GoI) has announced the Sale ( re-issue ) of (i) 4.26% Government Security, 2023 for a notified amount of ₹ 3,000 crore (nominal) through price based auction using uniform price method (ii) 6.10% Government S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecurity, 2031 for a notified amount of ₹ 14,000 crore (nominal) through price based auction using uniform price method; and (iii) 6.76% Government Security 2061 for a notified amount of ₹ 9,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 6,000 crore against above security/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday i.e. September 03 , 2021 . Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. Both competitive and non-competitive b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 03, 2021 . The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result of the auctions will be announced on September 03, 2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Friday) and payment by successful bidders will be on September 06 , 2021 (Monday) . The Securities 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 July 24, 2018 as amended from time to time. - News - Press release - PIB T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax 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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