This notification, issued by the Ministry of Finance, Department of Economic Affairs, Budget Division on March 31, 2016, announces the premature redemption of a portion of the outstanding stock of the Non-interest bearing Government of India IDBI Special Security, 2024. The redemption is for an aggregate amount of Rupees one hundred crore (₹100 crore) nominal, exercised via a call option at par as per Notification F.No.4(16)WM/2004 dated September 29, 2004, para 5(ii). The date of this premature redemption is March 31, 2016, the date of the notification. Following this redemption, the outstanding stock of the Special Security will be Rupees four thousand four hundred eighty-six crore (₹4,486 crore) nominal. This order is issued by order of the President of India.
Key Entities Referenced
Government of India IDBI Special Security, 2024: A special security issued by the Government of India, maturing in 2024, and related to the Industrial Development Bank of India (IDBI).
Ministry of Finance: The government ministry responsible for economic affairs and budget.
Department of Economic Affairs: A department within the Ministry of Finance.
Budget Division: A division within the Department of Economic Affairs, responsible for the budget.
New Delhi: The location where the notification was issued. New Delhi, Delhi.
PRASHANT GOYAL: Joint Secretary who signed the order on behalf of the President of India.
September 29, 2004: Date of the original notification (F.No.4 16WM2004) regarding the IDBI Special Security.
March 31, 2016: The date of the notification and the date of premature redemption of a part of the outstanding stock.
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1611 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
(Budget Division)
NOTIFICATION
New Delhi, the 31st March, 2016
Premature redemption of a part of outstanding stock of Non-interest bearing Government of India IDBI
Special Security, 2024
F.No.4 (16)-W&M/2004:— Government of India, hereby notifies further premature redemption on Non-
interest bearing Government of India IDBI Special Security, 2024 (hereinafter briefly described as “the Special Security”)
by exercising “call option” at par as stipulated in para 5(ii) of its Notification F.No.4 (16)-W&M/2004 dated September
29, 2004, for an aggregate amount of Rupees one hundred crore ( `100 crore) [nominal].
2. Date of Premature Redemption—
The date of premature redemption of the Special Security by the Government of India shall be the date of this
notification i.e. March 31, 2016.
3. Outstanding Stock—
The outstanding stock of the Special Security shall be Rupees four thousand four hundred eighty six crore
( `4,486 crore) [nominal] after the exercise of call option.
By Order of the President of India
PRASHANT GOYAL, Jt. 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.