Government of India have announced the repurchase of “7.55 per cent Government Stock, 2010” for a notified amount of Rs.3,000 crore (nominal) under Market Stabilization Scheme. The Government Stock will be repurchased through price based auction using multiple price method. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 29, 2009 (Thursday).
Offers in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai-400001 and RBI website rbi.org.in website should be submitted to that Office on January 29, 2009 (Thursday). The NDS members should submit the competitive offers in electronic format using Open Market Operation (OMO) module of NDS. All offers should be submitted by 12.30 P.M.
The result of the auction will be announced on January 29, 2009 (Thursday) and the payment to successful offerers will be made in the forenoon on February 2, 2009 (Monday). Successful offerers may note to make available the requisite amount of securities in their SGL account in the forenoon on February 2, 2009 (Monday).
