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Sale of Government Stocks Announced



Government of India have announced the sale (re-issue) of 
  • 8.24 percent Government Stock 2018” for a notified amount of Rs.4,000 crore (nominal), 
  • 8.79 percent Government Stock 2021” for a notified amount of Rs.7,000 crore (nominal), 
  • 8.28 percent Government Stock 2027” for a notified amount of Rs.2,000 crore (nominal), and 
  • 8.33 percent Government Stock 2036” for a notified amount of Rs.2,000 crore (nominal) through price based auctions. 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 April 13, 2012.

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 Negotiated Dealing System (NDS) on April 13, 2012. 

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 p.m.

The result of the auctions will be announced on April 13, 2012 and payment by successful bidders will be on April 16, 2012.



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