Government of India have announced sale (re-issue) by auction of "11.43 per cent Government Stock, 2015 " for an aggregate amount of Rs 3,000 crore (nominal).

The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Thursday, March 29, 2001. Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai should be submitted to that office on March 29, 2001 during the banking hours. On the basis of bids received, RBI will determine the minimum price at which offers will be accepted. The results of the auction will be announced on March 29, 2001 and payment by successful bidders will be during banking hours on March 30, 2001. The stock will qualify for the ready forward facility.

Bids for underwriting of the Government Security under auction can be submitted by the ‘Primary Dealers in the Government Securities Market’ up to 2.30 p.m. on March 28, 2001 to the Chief General Manager, Internal Debt Management Cell, Reserve Bank of India, Central Office , Fort, Mumbai 400 001.