TaxTMI 
TaxTMI 
Auction for Sale of Government Stocks
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....uction for Sale of Government Stocks <br>News and Press Release<br>Dated:- 3-10-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 01-October-2012 18:53 IST Government of India have announced the sale (re-issue) of- (i) "8.19 percent Government Stock 2020" for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) "8.20 percent Government....
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.... Stock 2025" for a notified amount of Rs. 7,000 crore (nominal) through price based auction; and (iii) "8.83 percent Government Stock 2041" for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 05, 2012 (Friday).....
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.... 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 Negotiated Dealing System (NDS) on October 05, 2012. The non-competitive bid....
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....s 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 October 05, 2012 and payment by successful bidders will be on October 08, 2012 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issued transactions in Cen....
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....tral Government Securities' issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time. Department of Economic Affairs, Ministry of Finance, Government of India North Block, New Delhi ,dated, the October 01, 2012 ***** DSM/RS/kv<BR> News - Press release - PIB....