Secure Your Investment: Tamil Nadu’s 10-Year Securities Auction Coming Up

The Government of Tamil Nadu has announced an auction for the sale of 10-year securities amounting to Rs. 2000 crore in the form of Stock to the public. The auction will take place at the Reserve Bank of India’s Mumbai Office, located in Fort, on August 6, 2024. Participants can submit competitive bids between 10:30 A.M. and 11:30 A.M., while non-competitive bids will be accepted from 10:30 A.M. to 11:00 A.M. All bids must be submitted electronically through the Reserve Bank of India’s Core Banking Solution (E-Kuber) System on the same day. This initiative is part of the government’s efforts to enhance its funding avenues and provide investors with a secure investment option. Interested investors are encouraged to participate during the designated time slots to take advantage of this opportunity to invest in long-term securities. This notification was published on August 1, 2024.