The Government of India (GoI) has announced the Sale (Re-issue) of 4.26% Government Security, 2023 for a notified amount of Rs 3,000 crore (nominal) through price based auction, 5.85% Government Security, 2030 for a notified amount of Rs 14,000 crore (nominal) through price based auction, and 6.76% GS 2061 for a notified amount of Rs 9,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 6,000 crore against above security/securities. The auctions will be conducted by the Reserve Bank of India on May 28, 2021 using multiple price method. 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.
Wadhawan bid: DHFL lenders appeal against NCLT’s order
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Wadhawan bid: DHFL lenders appeal against NCLT’s order
TNN / Updated: May 25, 2021, 06:43 IST
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Kapil Wadhwan (File photo)
MUMBAI: The Reserve Bank of India-appointed administrator for DHFL has approached the appellate tribunal against the National Company Law Tribunal (NCLT) order on May 19 directing the committee of creditors to consider an offer made by the jailed promoter of DHFL Kapil Wadhawan.
According to banking sources, following the directions would undermine all the progress achieved towards the resolution of the case. Lenders said that there was no question of doing a one-time settlement with Wadhawan because that would involve the RBI withdrawing the case from NCLT, providing a bank guarantee for expenses incurred by administrator and 90% of the voters agreeing to a proposal that was not a valid one in the first place.
Bids invited for management of Muttrah Fort
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The Ministry of Heritage and Tourism (MHT) has invited private companies and institutions that have the technical and financial capabilities to apply for a competition for the lease, operation, and employment of Muttrah Fort and Al Bait al Kabir in Muttrah, Governorate of Muscat.
An application to purchase the brochure containing the Terms and Conditions and the Specifications can be found in the Financial Affairs Department of the Ministry of Heritage and Tourism (Second Floor) during official business hours, starting May 30 until June 3. Documents can be purchased for RO25 and the last date for submitting bids will be 1 PM, on June 26.
A curious situation is emerging in Maharashtra where the Municipal Corporation of Greater Mumbai (MCGM) has received eight bids for its global tender for the procurement of one crore Covid-19 vaccine