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of <h1>India to Re-Issue Government Stocks Worth Rs. 15,000 Crore via Auction on May 27, 2016.</h1> The Government of India has announced the re-issue of government stocks through a price-based auction. The stocks include 7.35% Government Stock 2024 for Rs. 3,000 crore, 7.61% Government Stock 2030 for Rs. 8,000 crore, 7.50% Government Stock 2034 for Rs. 2,000 crore, and 7.72% Government Stock 2055 for Rs. 2,000 crore. Conducted by the Reserve Bank of India on May 27, 2016, the auction will use a multiple price method. Up to 5% of the stocks will be allotted to eligible individuals and institutions under a non-competitive bidding facility. Results will be announced on the auction day, with payment due by May 30, 2016.
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