“Important Notice: Tamil Nadu Government’s Finance Department Announces Securities Auction”

In a bid to raise funds, the Government of Tamil Nadu has announced the sale of 8-year securities worth Rs. 2000 crore through a public auction. The auction, to be conducted by the Reserve Bank of India at its Mumbai office in Fort, Mumbai, is scheduled for June 11, 2024. Competitive bids can be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System between 10:30 a.m. and 11:30 a.m., while non-competitive bids will be accepted between 10:30 a.m. and 11:00 a.m. on the same day. This move represents an opportunity for investors to participate in Tamil Nadu’s economic development while also diversifying their investment portfolios. Stay tuned for updates on this significant financial event. This notification was published on June 6, 2024.