Advertisement
Wednesday, Oct 27, 2021
Outlook.com
Outlook.com

Pondy govt to raise Rs 123.86 cr by selling through auction dated securities

Pondy govt to raise Rs 123.86 cr by selling through auction dated securities
outlookindia.com
1970-01-01T05:30:00+0530
Puducherry, Sept 23 (PTI) The Puducherry government will sell by auction dated securities for Rs 123.86 crores with five-year tenure.

Commissioner cum Secretary to Finance of the territorial administration, Shurbir Singh in a release said on Thursday that the securities will be issued for a minimum nominal amount of Rs 10,000 and in multiples of Rs 10,000 thereafter.

The auction would be conducted by Reserve Bank of India Mumbai office (Fort) on September 28.

Interested persons, firms, companies, corporate bodies, institutions, Provident Fund, Trusts, Regional Rural Banks or cooperative banks might submit a single consolidated non-competitive bid on behalf of all its constituents on electronic format on RBI core banking solution (E-Kuber) available on www.rbi.org.com on September 28 between 10.30 a.m. and 11 a.m.

Competitive bids should be submitted electronically on RBI core banking solution (E-Kuber) between 10.30 a.m. and 11.30 a.m. on the same day.

The result of auction would be displayed by RBI (Fort) Mumbai on September 28 on its above website.

The Secretary further said the successful bidders should deposit the price amount of the stock covered by their bids by means of Banker`s Cheque or Demand Draft payable at RBI Mumbai (Fort) or Chennai on September 29 before the close of banking hours.

Singh said the government stock would bear interest at the rate determined by the RBI at the auction. Interest would be paid on March 29 and September 29 every financial year until repayment. The stocks would qualify for ''ready forward facility'', he added. PTI COR

ROH ROH


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

US Lawmakers And Top Biden Admin Officials Join Indian Community For Diwali Celebrations

US Lawmakers And Top Biden Admin Officials Join Indian Community For Diwali Celebrations

The Indian-American community is emerging as a small but influential one in the US. Ahead of the Hindu festival of Diwali some US Lawmakers and top Joe Biden administrations officials celebrated with the community.

Swimmers Kushagra Rawat, Srihari Nataraj Set New Records In National Aquatic Championships

Swimmers Kushagra Rawat, Srihari Nataraj Set New Records In National Aquatic Championships

Delhi's Kushagra Rawat came up with a sensational effort in the 400m freestyle for men as he eclipsed Sajan Prakash's record of 3:54.93 seconds set in 2018 in Trivandrum.

World Boxing Championships: Shiva Thapa, Deepak Bohria Advance

World Boxing Championships: Shiva Thapa, Deepak Bohria Advance

Thapa, who won a bronze at the showpiece in 2015, will face Sierra Leone's John Brown on October 30 in the round of 32.

More from Outlook Magazine

My Name Is Khan: The Face That Launched A Thousand Products

My Name Is Khan: The Face That Launched A Thousand Products

Behind SRK’s lover-boy image lies instability—sensitive to social, cultural and political change.

A Fanboy’s Bollywood: Before And After The Khans

A Fanboy’s Bollywood: Before And After The Khans

How the larger-than-life Hindi film hero of ­yesteryears gave way to the relatable charm of Shah Rukh and the other Khans.

A Passage To India: Shah Rukh Khan Through The Eyes Of His Greatest American Fan

A Passage To India: Shah Rukh Khan Through The Eyes Of His Greatest American Fan

Superstar Shah Rukh Khan has grown beyond the confines of Bollywood and India to find fame and fans worldwide, writes Beth Watkins.

Advertisement

Outlook Newsletters

Advertisement
Advertisement