TaxTMI 
TaxTMI 
Auction for Sale (Re-Issue) of Government Stocks
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....uction for Sale (Re-Issue) of Government Stocks <br>News and Press Release<br>Dated:- 8-7-2013<br><BR>Government of India have announced the Sale (re-issue) of (i)" 8.12 percent Government Stock 2020" for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) "8.33 percent Government Stock 2026" for a notified amount of Rs. 6,000 crore (nominal) through price based aucti....
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....on , (iii) "8.32 percent Government Stock 2032" for a notified amount of Rs. 3,000 crore (nominal) through price based auction and (iv) "7.40 percent Government Stock 2035" 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....
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.... on July 12, 2013 (Friday). 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....
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....) system on July 12, 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 July 12, 2013 and payment by successful bidders will be on July 15, 2013 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the g....
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....uidelines on '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: Ashadha 17, 1935; July 8, 2013 DSM/RS/ka (Release ID :97089)<BR> News - Press release - PIB....