Business
BSE to auction Rs.893 crore-worth government bonds on Monday
Mumbai, March 15
With over 99 percent of
permitted investment levels for overseas investors already exhausted,
the Bombay Stock Exchange (BSE) will on Monday auction investment limits
for government debt securities worth Rs.893 crore.
The BSE, in a
circular, said the auction will take place on its "ebidxchange"
platform between 3.30 p.m. and 5.30 p.m. after close of normal market
hours on Monday.
According to data from the depositories, total
investments, including limits acquired by foreign investors through the
auction route, currently stand at Rs.1,23,539 crore -- that is at 99.28
percent of the permitted levels.
Of this, Rs.1,23,414 crore are
already invested, while foreign investors have got unutilised investment
limits worth Rs.125 crore available with them, leaving available debt
securities worth Rs.893 crore, limits for which would be auctioned on
Monday.
Foreign investors are allowed to invest up to $25 billion
in government debt securities through the auction route, while an
investment of up to $5 billion is permitted "on tap".
In the
"on-tap" category too, total investments currently stand at Rs.29,069
crore, exhausting 99.77 percent of the permitted levels.