Government of India to sell two dated securities for Rs.7,000 on March 9

The Government of India have announced the sale (re-issue) of "8.07 percent Government Stock 2017" for a notified amount of Rs. 4,000 crore (nominal) through a price based auction using multiple price method. The Government of India have also announced the sale (re-issue) of "8.33 percent Government Stock 2036" for a notified amount of Rs. 3,000 crore (nominal) through a price based auction using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on March 9, 2007 (Friday).

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.

Source : Equity Bulls

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