The Government of India have announced the Sale (re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of ₹ 2,000 crore (nominal) through price based auction, (ii) “7.72 per cent Government Stock 2025” for a notified amount of 
Rs.6,000 crore (nominal) through price based auction,  (iii) “8.24 per cent Government Stock  2033” for a notified amount of ₹ 3,000 crore (nominal) through price based auction,  and (iv) “8.13 per cent Government Stock 2045” for a notified amount of
Rs.3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on August 14, 2015 (Friday).

 Up to 5% of the notified amount of the sale of the stocks 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 bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 14, 2015. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.  

  The result of the auctions will be announced on August 14, 2015 and payment by successful bidders will be August 17, 2015 (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 (RBI), vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.

Government securities auction: multiple-price re-issue with competitive and non-competitive bidding and E-Kuber electronic submission scheduled. Re-issue auctions for four central government stocks will be conducted by the Reserve Bank of India using the multiple price method; both competitive and non-competitive bids are allowed, with up to five percent reserved under the Non-Competitive Bidding Facility. Bids must be submitted electronically via the RBI's E Kuber system within prescribed windows for non-competitive and competitive bids. Auction results, payment and settlement dates are specified, and the stocks are eligible for When Issued trading under RBI guidelines.