Govt to sale asset worth Rs 15,000 crore via price based auction

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Govt to sale asset worth Rs 15,000 crore
The Indian government have announced the sale (re-issue/issue) of "8.12 percent Government Stock 2020" for a notified amount of Rs. 3,000 crore (nominal) through price based auction.

Besides, the government will sale "8.20 percent Government Stock 2025" for Rs 6,000 crore, "8.32 percent Government Stock 2032" for Rs 3,000 crore, and "8.30 percent Government Stock 2042" for Rs 3,000.

Up to 5 per cent 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.

The auctions, which will be conducted by the Reserve Bank of India (RBI), invite both competitive and non-competitive bids to be submitted by August 23, 2013.

The result of the auctions will be announced on August 23, 2013 and payment by successful bidders will be on August 26, 2013.

Dion Global Solutions Ltd.

Read more about: rbi, government stock, auction
Story first published: Tuesday, August 20, 2013, 9:10 [IST]
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