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Government of India have announced the sale (re-issue) of “8.35 per cent Government Stock, 2022” for a notified amount of Rs.5,000 crore (nominal). The Government Stock will be sold through price based auction using multiple price method. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 7, 2005 (Monday).
Up to 5% of the notified amount of the sale of the stock 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 website www.rbi.org.in should be submitted to that Office on February 7, 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 result of the auction will be announced on February 7, 2005 and payment by successful bidders will be during banking hours on February 8, 2005 (Tuesday).
Department of Economic Affairs, Ministry of Finance New Delhi: Magha 13, 1926; February 2, 2005
BSC/BY/GN-33/05
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