GUWAHATI: The Government of Assam has offered to sale the dated securities for an amount of Rs700 Crore with ten-year tenure by auction. The auction will be conducted by the Reserve Bank of India at Mumbai Office, Fort, Mumbai on August 27, 2019.
All competitive bids may be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System. Competitive bids may be submitted between 10:30 AM and 12:00 PM on the day of the auction. Non-Competitive Bids may be submitted only electronically on the CBS between 10:30 AM and 11:30 AM on the day of auction. No bids under the Non-Competitive Bidding Scheme shall be accepted after 11:30 AM.
As per a press release, the bids may be submitted electronically to the Regional Director, Reserve Bank of India, Mumbai Office, Fort, Mumbai-400001. The result of auction shall be displayed by the Reserve Bank of India on its website on the same day of auction. The payment by successful bidders will be August 28, 2019. Other details may be seen on the Notification of the Government of Assam No BW06/2019/31.