Government of India has introduced the sale (re-situation) of Government Securities, as detailed beneath, via auctions to be held on September 23, 2022.
As per the extant scheme of underwriting notified on November 14, 2007, the quantities of Minimum Underwriting Commitment (MUC) and the minimal bidding dedication below Additional Competitive Underwriting (ACU) for the underwriting public sale, relevant to every Primary Dealer (PD), are as below:
The underwriting public sale shall be carried out via a number of worth-primarily based technique on September 23, 2022 (Friday). PDs might submit their bids for ACU public sale electronically via Core Banking Solution (E-Kuber) System between 09.00 A.M. and 09.30 A.M. on the day of underwriting public sale.
The underwriting fee shall be credited to the present account of the respective PDs with RBI on the day of situation of securities.
Press Release: 2022-2023/907