Government announces sale of stock 2014

Mumbai, June 17 (UNI) The Government of India has announced the sale of '7.37 per cent Government Stock 2014' for a notified amount of Rs 5,000 crore through a price-based auction using multiple price methods.

According to a Reserve Bank of India (RBI) release here today the GoI has also announced the sale of '7.94 per cent Government Stock 2021' for a notified amount of Rs 4,000 crore through a price based auction using uniform price method.

The auction for the same will be conducted by RBI on June 22 here.

Up to five per cent of the notified amount of the sale of both 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.

The result of the auction will be announced the same day and payment by successful bidders will be during the banking hours on June 23, the release added.

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