Home India Ministry of Finance Premature redemption of a part of outstanding stock of Non i...
Date: 27-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

Premature redemption 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

**Summary:** This notification, issued by the Ministry of Finance, Department of Economic Affairs, Budget Division on March 27, 2023, 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, amounting to ₹255.00 crore (Two Hundred Fifty Five crore only) nominal, is being exercised by the Government of India through a call option at par, as per the terms outlined in Notification F.No.416WM2004 dated September 29, 2004. The date of this premature redemption is March 31, 2023. Following this redemption, the remaining outstanding stock of the Special Security will be ₹2,378.73 crore (Two Thousand Three Hundred Seventy Eight crore and Seventy Three lakhs only) nominal. This notification is issued by order of the President of India. Contact: Ashish Vachhani, Addl. Secy. F. No. 44BWM2018.

Key Entities Referenced

Noninterest bearing Government of India IDBI Special Security, 2024: A special security issued by the Government of India, maturing in 2024 and bearing no interest. Ministry of Finance: The government ministry responsible for economic and financial matters in India. Department of Economic Affairs: A department within the Ministry of Finance. New Delhi: The capital city of India, where the notification was issued. Ashish Vachhani: Additional Secretary who signed the notification on behalf of the President of India. Government of India Press, Ring Road, Mayapuri, New Delhi: The printing press for the Government of India. September 29, 2004: Date of the original notification F.No.416WM2004 regarding the Special Security. March 31, 2023: The date of premature redemption of the Special Security by the Government of India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27032023-244718 xxxGIDHxxx CG-DL-E-27032023-244718 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 69] नई दिल्ली, सोमिार, माच ि27, 2023/चत्रै 6, 1945 No. 69] NEW DELHI, MONDAY, MARCH 27, 2023/CHAITRA 6, 1945 जित्त मत्रं ालय (आर्थकि काय ि जिभाग) (बिट प्रभाग) अजधसचू ना नई दिल्ली, 27 माच,ि 2023 जिषय : भारत सरकार की ब्याि रजित आईडीबीआई जििषे प्रजतभजू त, 2024 के बकाया स्ट्टॉक के एक भाग का समय पिू ि मोचन एफ. स.ं 4(4)-बी(डब्ल्यएू ण्डएम)/2018.—भारत सरकार, एतिद्वारा िो सौ पचपन करोड़ रुपए केिल (255 करोड़ रु.) (अंदकत) की कुल राजि के जलए दिनांक 29 जसतंबर, 2004 की अजधसूचना एफ स.ं 4(16)डब्ल्यूएण्डएम/2004 के पैरा 5 (ii) म ें यथा जिजित,“मांग जिकल्प” (काल ऑप्िन) का प्रयोग करत े हुए, भारत सरकार की ब्याि रजित आईडीबीआई जििेष प्रजतभूजत, 2024, (जिसे इसम ें इसके बाि संक्षपे म ें “जििेष प्रजतभूजत” किा गया ि)ै के समय पूिि मोचन को अजधसूजचत करती ि।ै 2. समय पिू ि मोचन की तारीख भारत सरकार द्वारा जििेष प्रजतभूजत के समय पूि ि मोचन की तारीख 31 माच,ि 2023 िोगी। 2024 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] 3. बकाया स्ट्टॉक मांग जिकल्प (काल ऑप्िन) के प्रयोग के बाि जििेष प्रजतभूजत का बकाया स्ट्टॉक िो िजार तीन सौ अठित्तर करोड़ जतित्तर लाख रुपए केिल (2,378.73 करोड़ रु.) (अंदकत) िोगा। राष्ट्रपजत के आिेि स,े आिीष िच्छानी, अपर सजचि MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 27th March, 2023 Subject: Premature redemption 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 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 Two Hundred Fifty Five crore only (₹255.00 crore) [nominal]. 2. Date of Premature Redemption The date of premature redemption of the Special Security by the Government of India shall be March 31, 2023. 3. Outstanding Stock The outstanding stock of the Special Security shall be Rupees Two Thousand Three Hundred Seventy Eight crore and Seventy Three lakhs only (₹2,378.73 crore) [nominal] after the exercise of call option. 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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