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<h1>India to Auction '11.30% Govt Stock, 2010' on Jan 31, 2008; Aims to Raise Rs. 3,000 Crore.</h1> The Government of India announced the sale of '11.30 percent Government Stock, 2010' under the Market Stabilization Scheme, aiming to raise Rs. 3,000 crore. The Reserve Bank of India will conduct a price-based auction using a multiple price method on January 31, 2008. Up to 5% of the stock is reserved for eligible individuals and institutions on a non-competitive basis. Bids must be submitted by 12:30 PM on January 31, 2008, with results announced the same day. Successful bidders are required to make payments by February 1, 2008.
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