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Auction For Government Stock Sale On April 11

"8.83 per cent Government Stock 2023" for a notified amount of Rs.8,000 crore (nominal) through price based auction, "8.32 per cent Government Stock 2032" for a notified amount of Rs.3,000 crore (nominal) through price based auction, and "8.30 per cent Government Stock 2042" for a notified amount of Rs.2,000 crore (nominal) through price based auction. (Read In Hindi: सरकारी शेयरों की बिक्री के लिए नीलामी 11 को)

The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on April 11.

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.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 11.

The result of the auctions will be announced on April 11 and payment by successful bidders will be on April 15.