**Policy Summary: Premature Redemption of Government of India IDBI Special Security, 2024**
This notification, issued by the Ministry of Finance, Department of Economic Affairs, Budget Division on March 30, 2015, announces the premature redemption of a portion of the Non-interest bearing Government of India IDBI Special Security, 2024. The redemption is executed by exercising a "call option" at par, as stipulated in Notification F. No. 416WM2004 dated September 29, 2004. The aggregate amount for premature redemption is Rupees One Hundred Five Crore (Rs. 105 crore nominal). The date of premature redemption is March 30, 2015, the date of this notification. Following the exercise of the call option, the outstanding stock of the Special Security will be Rupees Four Thousand Five Hundred Eighty-Six Crore (Rs. 4,586 crore nominal). The notification is issued by order of the President of India. For further information, Dr. Rajat Bhargava, Joint Secretary, may be contacted.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for economic policy, financial regulation, and taxation.
Department of Economic Affairs: A department within the Ministry of Finance responsible for advising the government on economic matters.
Government of India IDBI Special Security, 2024: A special security issued by the Government of India in relation to IDBI (Industrial Development Bank of India), maturing in 2024.
New Delhi: The capital city of India, where the notification was issued.
March 30, 2015: The date of the notification regarding the premature redemption of the Special Security.
call option: A contractual provision that gives the holder the right, but not the obligation, to buy an asset at a predetermined price within a specified period.
Rajat Bhargava: Joint Secretary who signed the order on behalf of the President of India.
President of India: The Head of State of India, on whose order the notification is issued.
jftLVhª löa Mhö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx I—[k.M 1
PART I—Section 1
çkf/dkj ls çdkf'kr
PUBLISHED BY AUTHORITY
la- 74] ubZ fnYyh] lkseokj] ekpZ 30] 2015@pS=k 9] 1937
No. 74] NEW DELHI, MONDAY, MARCH 30, 2015/ CHAITRA 9, 1937
foÙk ea=kky; MINISTRY OF FINANCE
(Department of Economic Affairs)
(vk£Fkd dk;Z foHkkx)
(BUDGET DIVISION)
(ctV çHkkx)
NOTIFICATION
vfèklwpuk
New Delhi, the 30th March, 2015
ubZ fnYyh] 30 ekpZ] 2015 Premature redempation of a part of
Hkkjr ljdkj vkbZMhchvkbZ fo'ks"k çfrHkwfr] 2024 C;kt
outstanding stock of Non-interest bearing
Government of India IDBI Special
jfgr] ds cdk;k LVkWd ds ,d Hkkx dk le; ls iwoZ
Security, 2024
foekspu
F. No. 4(16)-W&M/2004.—Government of
iQk- la- 4(16)-MCY;w,.M,e@2004.—Hkkjr ljdkj India hereby notifies further premature redemption
,rn~}kjk dqy ,d lkS ikap djksM+ (105 djksM+ #-) vafdr dh jkf'k on Non-interest bearing Government of India IDBI
ds fy, fnukad 29 flrEcj] 2004 dh vf/lwpuk iQk- la- Special Security, 2024 (hereinafter briefly described
4(16)MCY;w,.M,e@2004 ds iSjk 5 (ii) esa ;Fkk fofgr] leewY; as "the Special Security") by excercising "call option"
at par as stipulated in para (ii) of its Notification
ij ekax fodYi (dky vkI'ku) dk iz;ksx djrs gq, Hkkjr ljdkj
F. No. 4(16)-W&M/2004 dated September 29, 2004,
vkbZMhckbZ fo'ks"k izfrHkwfr] 2024] C;kt jfgr] (ftls la{ksi esa
for an aggregate amount of Rupees One Hundred
fo'ks"k izfrHkwfr dgk x;k gS) ds le; ls iwoZ foekspu dks
Five Crore (Rs. 105 crore) [nominal].
vf/lwfpr djrh gS A
2. Date of Premature Redemption
2- le; ls iwoZ foekspu dh rkjh[k
The date of premature redemption of the Special
Hkkjr ljdkj }kjk fo'ks"k izfrHkwfr ds le; ls iwoZ foekspu Security by the Government of India shall be the date
dh rkjh[k bl vf/lwpuk dh rkjh[k vFkkZr~~ 30 ekpZ] 2015 gksxh A of this notificaiton i.e. March 30, 2015.
3- cdk;k LVkWd 3. Outstanding Stock
The outstanding sotck of the Special Security
ekxa fodYi (dky vkI'ku) d si;z kxs d sckn fo'k"sk ifzrHkfwr
shall be Rupees Four Thousand Five Hundred Eighty
dk cdk;k LVkWd #i;s pkj gtkj ikap lkS fN;klh djksM+ (4-586
Six Crore (Rs. 4,586 crore) [nominal] after the
djksM+ #-) (vafdr) gksxk A
exercise of call option.
jk"Vªifr ds vkns'k ls]
By Order of the President of India,
MkW- jtr HkkxZo] la;qDr lfpo DR. RAJAT BHARGAVA, Jt. Secy.
1447 GI/2015
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.