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Date: 31-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

Cancellation of a part of outstanding stock of Non interest bearing Government of India IDBI Special Security 2024

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • The Government of India has announced the cancellation of a portion of the non-interest bearing Government of India IDBI Special Security, 2024.

Key Changes

  • The Government of India is cancelling ₹1,500 crore of the IDBI Special Security, 2024.
  • The cancellation date is August 30, 2023.
  • Following the cancellation, the remaining outstanding stock of the Special Security will be ₹878.73 crore.

Impact Analysis

Impact on Government

  • No immediate action is required, as this is a planned debt reduction.

Impact on IDBI

  • No immediate action is required.

Impact on Investors

  • Investors need to reconcile their holdings and investment records to reflect the cancellation and redemption.

Impact on Financial Markets

  • Market participants may adjust their portfolios based on the reduced supply of this specific security.

Key Entities Referenced

Government of India: The issuer of the IDBI Special Security and the entity responsible for the cancellation. IDBI Special Security, 2024: A non-interest bearing government security with a maturity date in 2024. Ministry of Finance, Department of Economic Affairs: The government ministry responsible for issuing the notification regarding the cancellation.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31082023-248433 xxxGIDHxxx CG-DL-E-31082023-248433 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 209] नई दिल्ली, बृहस्ट्प जतिार, अगस्ट्त 31, 2023/भाद्र 9 , 1945 No. 209] NEW DELHI, THURSDAY, AUGUST 31, 2023/BHADRA 9, 1945 जित्त मत्रं ालय आर्थकि काय िजिभाग (बिट प्रभाग) अजधसचू ना नई दिल्ली, 30 अगस्ट्त, 2023 जिषय: भारत सरकार की आईडीबीआई जििषे प्रजतभजू त, 2024 के गरै -ब्य ािधारी बकाया स्ट्ट ॉक के एक भाग को रि ृकरना फा.स.ं4(4)बी(डब्ल् य ूएंडएम)/2018.—भारत सरकार एतद्द्वारा कुल एक हिार पााँच सौ करोड़ रुपये (₹1,500 करोड़) (अंदकत) मल्ू य की आईडीबीआई जििेष प्रजतभूजत, 2024 (एतद्पश् चात संक्षेप म ें ‘’जििेष प्रजतभूजत’’ कहा िाएगा) के गैर- ब् यािधारी स्ट् टॉक का रद्दीकरण अजधसूजचत करती ह।ै 2. रद्दीकरण की तारीख भारत सरकार द्वारा जििेष प्रजतभूजत को रद्द करन े की तारीख 30 अगस्ट्त, 2023 होगी। 5554 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] 3. बकाया स्ट्टॉक रद्दीकरण के बाि जििेष प्रजतभूजत का बकाया स्ट्टॉक आठ सौ अठहत्तर करोड़ और जतहत्तर लाख रुपय े केिल (878.73 करोड़ रुपय)े [अंदकत] होगा। भारत के राष्‍टर पजत के आिेि द्वारा आिीष िच्छानी, अपर सजचि MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS (Budget Division) NOTIFICATION New Delhi, the 30th August, 2023 Subject: Cancellation of a part of outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024. F.No.4(4)-B(W&M)/2018.—Government of India, hereby notifies cancellation of Non-interest bearing Government of India IDBI Special Security, 2024 (hereinafter briefly described as “the Special Security”) for an aggregate amount of Rupees one thousand five hundred crore only (₹1,500 crore) [nominal]. 2. Date of Cancellation The date of cancellation of the Special Security by the Government of India shall be the August 30, 2023. 3. Outstanding Stock The outstanding stock of the Special Security shall be Rupees Eight Hundred Seventy Eight crore and Seventy Three lakhs only (Rs. 878.73 crore) [nominal] after cancellation. By order of the President of India ASHISH VACHHANI, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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