<h1>India to Auction Government Stocks Worth Rs. 16,000 Crore on May 22, 2015; Multiple Price Method Used.</h1> The Government of India announced the sale of various government stocks through auctions to be conducted by the Reserve Bank of India on May 22, 2015. The offerings include 7.68% Government Stock 2023 for Rs. 3,000 crore, a new 10-year Government Stock for Rs. 9,000 crore, 8.24% Government Stock 2033 for Rs. 2,000 crore, and 8.17% Government Stock 2044 for Rs. 2,000 crore. Auctions will use a multiple price method, with up to 5% allotted to eligible individuals and institutions via non-competitive bidding. Results will be announced on the auction day, with payments due by May 25, 2015.