Advertisement

HindustanTimes Thu,31 Jul 2014

Sale of government stock notified

HT Correspondent, Hindustan Times  Chandigarh, January 24, 2014
First Published: 19:52 IST(24/1/2014) | Last Updated: 19:53 IST(24/1/2014)

Haryana government has notified the sale of government stock (securities) for an aggregate amount of Rs. 800 crore. A notification to this effect has been issued by the finance department.

Advertisement


The stock will be of ten-year tenure and the tenure of stock will commence on January 30, 2014. The loan will be repaid at par on January 30, 2024. The proceeds of the loan will be utilised for financing plan outlay in connection with the development programmes of the state government.

The auction of the government stock will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai on January 29, 2014.  Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (e-Kuber) system on January 29, 2014.

The competitive bids should be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber)  between 10.30 am  and 12pm and non competitive bids between 10.30 am and 11.30am. The government stocks up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1% 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. The results of the auction would be displayed by the Reserve Bank of India on its website on the same day.

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

Advertisement
more from Chandigarh

SAD asks BJP’s Joshi not to play politics on input tax credit

The Shiromani Akali Dal (SAD) on Wednesday advised Punjab local bodies minister Anil Joshi not to play politics on the issue of input tax credit (ITC) and urged state BJP president Kamal Sharma to direct Joshi not to flout principles of ‘coalition dharma’ as well as collective responsibility of the state cabinet.
Advertisement

 
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved