Government Of India Announces Sale Of Four Dated Securities For Rs 16000 Crore

Government of India has announced the sale of four dated securities for Rs 16,000 crore. Subject to the limit of Rs 16,000 Cr, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1000 Cr each against any one or more of the above securities. The auction will be price based using multiple price method. Up to 5% of the notified amount of the sale of 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.

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