Equity

The Government of India (GoI) has announced the sale (re-issue) of (i) ?7.10% Government Security 2034? for a notified amount of ₹20,000 crore (nominal) through price based auction using multiple price method and (ii) ?7.46% Government Security 2073? for a notified amount of ₹12,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹ 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India on April 26, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Powered by Capital Market - Live News