TaxTMI 
TaxTMI 
Repurchase of Government Securities through reverse auction for an aggregate amount of 20,000 crore (face value)
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....epurchase of Government Securities through reverse auction for an aggregate amount of 20,000 crore (face value) <br>News and Press Release<br>Dated:- 22-10-2016<br><BR>The Government of India has anno....
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....unced the repurchase of its Securities through reverse auction for an aggregate amount of ₹ 20,000 crore (face value). The security-wise details of the repurchase are given as under: S. No. No....
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....menclature Date of maturity 1 8.07 % Government Stock 2017 15-Jan-2017 2 7.49 % Government Stock 2017 (con) 16-Apr-2017 3 8.07 % Government Stock 2017 - Jul 3-Jul-2017 4 7.99 % Government....
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.... Stock 2017 9-Jul-2017 5 7.46 % Government Stock 2017 28-Aug-2017 The repurchase by the Government of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cas....
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....h balances. The above repurchase of the Government Stocks is purely ad hoc in nature. Auction for securities will be on price-based auction format. The auctions will be conducted using multiple price....
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.... method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 24, 2016 (Monday) between 10.30 a.m. and 12.00 noo....
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....n. The result of the auctions will be announced on the same day.<BR> News - Press release - PIB....