HindustanTimes Sat,23 Aug 2014

Haryana notifies Rs. 500-crore stock

PTI  Chandigarh, May 23, 2014
First Published: 15:55 IST(23/5/2014) | Last Updated: 15:58 IST(23/5/2014)

The Haryana Government on Friday notified the sale of Haryana Government Stock (Securities) of 4-year tenure for an aggregate amount of Rs. 500 crore (Nominal).

A notification to this effect has been issued by the Finance Department of Haryana, an official spokesman said.

The auction of the government stock will be conducted by the Reserve Bank of India at its Mumbai office on May 27, 2014.

The government stock up to 10 per cent of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of one per cent of the notified amount for a single bid as per the Revised Scheme for Non Competitive Bidding Facility in the auctions of State Government Securities of the General Notification.

The results of the auction would be displayed by the Reserve Bank of India on its website on the same day, the spokesman said adding the successful bidders will make payments on May 28, 2014, before close of banking hours.

Interest will be paid on November 28 and May 28, the spokesman said adding the stock will be of 4-year tenure and the tenure of stock will commence on May 28, 2014. The loan will be repaid at par on May 28, 2018.

comment Note: By posting your comments here you agree to the terms and conditions of
blog comments powered by Disqus

more from Chandigarh

Himachal HC concerned over delay in settling accident claims

The Himachal Pradesh high court has expressed concern over delay in settling motor accident claims, and directed the state police chief to ensure that accident reports are sent to the claims tribunal within 30 days.

Copyright © 2014 HT Media Limited. All Rights Reserved