TaxTMI 
TaxTMI 
Auction of Government Stock
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....uction of Government Stock <br>News and Press Release<br>Dated:- 27-11-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 26-November-2012 20:16 IST Government of India have announced the sale (re-issue) of (i) "8.07 percent Government Stock 2017-JUL" for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) "8.33 percent Government Stock 20....
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....26" for a notified amount of Rs. 7,000 crore (nominal) through price based auction, and (iii) "8.97 percent Government Stock 2030" 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 November 30, 2012 (Friday). Up to 5%....
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.... 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 November 30, 2012. The no....
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....n- 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 November 30, 2012 and payment by successful bidders will be on December 03, 2012 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issu....
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....ed transactions in Central 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. GOVERNMENT OF INDIA, MINISTRY OF FINANCE, DEPARTMENT OF ECONOMIC AFFAIRS NORTH BLOCK, NEW DELHI, Dated, the November 26, 2012 *** RS/<BR> News - Press release - PIB....