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of <h1>India to Auction Re-Issued Government Stocks Worth Rs. 15,000 Crore on April 13, 2016 via RBI E-Kuber System.</h1> The Government of India announced the re-issue of government stocks for sale through a price-based auction. The stocks include 7.35% Government Stock 2024 for Rs. 3,000 crore, 7.59% Government Stock 2029 for Rs. 8,000 crore, 7.50% Government Stock 2034 for Rs. 2,000 crore, and 8.17% Government Stock 2044 for Rs. 2,000 crore. The Reserve Bank of India will conduct the auction on April 13, 2016, using a multiple price method. Up to 5% of the sale will be allotted to eligible individuals and institutions. Bids must be submitted electronically via the RBI's E-Kuber system, with results announced the same day. Payment is due by April 18, 2016.
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