TaxTMI 
TaxTMI 
Repurchase of Government Securities through Reverse Auction for an aggregate amount of 3,500 crore (face value)
X X X X Extracts X X X X
X X X X Extracts X X X X
....epurchase of Government Securities through Reverse Auction for an aggregate amount of 3,500 crore (face value) <br>News and Press Release<br>Dated:- 15-3-2017<br><BR>Press Information Bureau Governm....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ent of India Ministry of Finance 15-March-2017 18:09 IST The Government of India has announced the repurchase of its Securities through Reverse Auction for an aggregate amount of ₹ 3,500 cror....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e (face value). The security-wise details of the repurchase are given as under: S. No. Nomenclature Date of maturity 1. 7.49% GS 2017 (conv) 16-Apr-2017 2. 8.07% GS 2017-Jul 03-Jul-2017 3....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... 7.99% GS 2017 09-Jul-2017 4. 7.46% GS 2017 28-Aug-2017 The repurchase by the Government of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cash balanc....
X X X X Extracts X X X X
X X X X Extracts X X X X
....es. 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 method.....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 17, 2017 (Friday) between 10.30 a.m. and 12.00 noon. The res....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ult of the auctions will be announced on the same day. ***** DSM/VKS/KA<BR> News - Press release - PIB....