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of <h1>India to Re-Issue Rs. 15,000 Crore in Government Stocks via Auction; Bidding on RBI's E-Kuber System December 27.</h1> The Government of India announced the re-issue of four government stocks through a price-based auction, totaling Rs. 15,000 crore. The stocks include 7.28% Government Stock 2019, 8.83% Government Stock 2023, 8.32% Government Stock 2032, and 8.30% Government Stock 2042. The Reserve Bank of India will conduct the auctions on December 27, 2013, using a uniform price method. Up to 5% of the stocks will be allocated to eligible individuals and institutions under a non-competitive bidding scheme. Bids must be submitted electronically on the RBI's E-Kuber system, with results announced on the same day and payment due by December 30, 2013.
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