Punjab Govt Stock auction

Chandigarh: The Punjab government, in consultation with the Reserve Bank of India (RBI), on Tuesday floated a Rs 600 crore (nominal) loan to finance part of its capital expenditure under plan and other development schemes.

The state government has notified the sale of Punjab Government Stock (Securities) of 10-year tenure. The stock would be auctioned by the RBI, Mumbai, on April 8. Filled in application should be submitted to the RBI central office by 12.30 on April 8. Successful bidders would have to make payment on April 9, according to an official spokesperson.