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Government of India have announced the sale (re-issue) of "9.39 per cent Government Stock, 2011" for a notified amount of Rs.5,000 crore (nominal). Government of India have also announced the sale (re-issue) of "7.50 per cent Government Stock, 2034" for a notified amount of Rs.2,000 crore (nominal). Both the Government Stocks will be sold through price based auctions using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 4, 2005 (Tuesday).
Up to 5% of the notified amount of the sale of both 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.
Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai-400 001 and RBI web site www.rbi.org.in should be submitted to that Office on January 4, 2005. The competitive bids by the NDS members should be submitted only in electronic format using NDS, while all the non-competitive bids should be submitted in the prescribed physical form. All bids should be submitted by 12.30 P.M.
The results of the auctions will be announced on January 4, 2005 and payment by successful bidders will be during banking hours on January 5, 2005 (Wednesday).
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