MUMBAI, India, April 9 -- Reserve Bank of India issued the following press release:
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹3,000 Crore (Face Value).
Sr. No. State/UT Amount to be raised
(₹ Crore) Tenure
(Year) Type of Auction 1. Chhattisgarh 1000 Re-issue of 6.53% Chhattisgarh SDL 2028, issued on September 15, 2021 Price 2. Tamil Nadu 1000 10 Yield 3. Telangana 1000 31 Yield Total 3000
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 15, 2025 (Tuesday). The Government Stock up to Ten per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions...