Government securities auction via price based multiple price method permitting competitive and non competitive bids and when issued trading.
The announcement sets out a re issue of Government securities to be conducted through a price based auction using the multiple price method, permitting competitive and non competitive bids submitted electronically on the central bidding platform within prescribed windows, reserving up to five percent of each notified amount for the Non Competitive Bidding Facility, and making the securities eligible for When Issued trading under existing central bank guidelines.

Merger control clearance: approval granted for acquisition of stake in Magma Fincorp by Rising Sun and individual investors.
The Competition Commission of India approved the proposed acquisition of shareholding in Magma Fincorp Limited by Rising Sun Holdings Private Limited and Mr Sanjay Chamria and Mr Mayank Poddar, with a detailed order to follow. Rising Sun is present in financial services via Poonawalla Finance Private Limited, a systemically important non-deposit taking NBFC. Magma Fincorp is also a systemically important non-deposit taking NBFC providing commercial, agri, SME and mortgage finance and general insurance, focused on rural and semi-urban sectors.

Government securities auction re-issue permits non-competitive bids, multiple-price allotment and eligibility for when-issued trading via electronic submission.
Re-issue auctions for specified Government securities will be conducted using the multiple price method via the central bank's electronic Core Banking Solution; competitive and non competitive bids must be submitted in prescribed windows, up to five percent of notified amounts are reserved for eligible non competitive bidders, the Government may retain additional subscriptions, results and allotment will be announced on the auction date, payment follows on the designated settlement date, and the securities are eligible for when issued trading per central bank guidelines.

Government securities auction: multiple issues offered via yield and price based auctions with specified bidding windows and allocation rules.
The Government announced auctions of several central government securities via yield-based and price-based methods, to be conducted by the Reserve Bank using the multiple price method; the Government may retain additional subscriptions. Up to a prescribed percentage of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive electronic bids must be submitted on the E-Kuber system during specified windows on the auction date; results are announced the same day and payment follows on the scheduled settlement date. The securities are eligible for When Issued trading per RBI guidelines.