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:- 5-2-2013<br><BR>Press Information Bureau Government of India Ministry of Finance 05-February-2013 15:45 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) "8.15 percent Governme....
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....nt Stock 2022" for a notified amount of Rs. 6,000 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 multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 08, 2013 (Frida....
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....y). 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 Reserve Bank of India Core Banking Solution (E-Kuber) System on February 08,....
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.... 2013. The non- 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 February 08, 2013 and payment by successful bidders will be on February 11, 2013 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on....
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.... 'When Issued 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. Department of Economic Affairs, Ministry of Finance, Government of India New Delhi: Magha 16, 1934; February 5, 2013 ******* DSM/RS/ka<BR> News - Press release - PIB....