Government to mobilise ₹250 crore
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The government proposes to sell four year dated securities in the form of stock to the public by auction to raise ₹250 crore.
The auction would be held by the Reserve Bank of India, Mumbai Office (Fort) on Monday, a notification from Shurbir Singh, Finance Secretary said.
Interested persons, firms, corporate bodies, institutions, Provident Fund Trusts, Regional Rural Banks and Cooperative Banks can electronically submit a single consolidated non-competitive bid on the RBI’s core banking portal (E-Kuber) on January 25 between 10.30 a.m. and 11 a.m.
The competitive bid can also be submitted in the electronic format between 10.30 a.m. and 11.30 a.m. the same day.