Home India Ministry of Finance Premature redemption of a part of outstanding stock of Non I...
Date: 21-Mar-2024 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

What it means

  • The Government of India is prematurely redeeming a portion of the outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024 by exercising a call option.

Key Changes

  • The Government of India will prematurely redeem ₹206.00 crore (nominal) of the IDBI Special Security, 2024.
  • The premature redemption date is March 31, 2024.
  • After the redemption, the outstanding stock of the Special Security will be ₹672.73 crore (nominal).

Impact Analysis

Government of India

  • The exercise of the call option demonstrates the government's active management of its liabilities.

IDBI

  • IDBI should assess the impact on its overall financial position and strategy.

Investors holding the Special Security

  • Investors should consider the tax implications of the redemption.

Key Entities Referenced

Government of India: The issuer of the IDBI Special Security, responsible for the premature redemption. IDBI: The entity for which the Special Security was issued. Ministry of Finance (Department of Economic Affairs): The government ministry responsible for the notification regarding the premature redemption. F. No. 4(16)-W&M/2004: The original notification dated September 29, 2004, which stipulated the call option for the IDBI Special Security. Non-interest bearing Government of India IDBI Special Security, 2024: The specific government security being partially redeemed.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--2211003322002244--225533227799 xxxGIDHxxx CCGG--DDLL--EE--2211003322002244--225533227799 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 68] नई दिल्ली, बृिस्ट्प जतिार, माचि 21, 2024/चत्रै 1, 1946 No. 68] NEW DELHI, THURSDAY, MARCH 21, 2024/CHAITRA 1, 1946 जित्त मत्रं ालय (आर्थकि काय ि जिभाग) (बिट प्रभाग) अजधसचू ना नई दिल्ली, 21 माच,ि 2024 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 छि करोड़ रुपए केिल (206 करोड़ रु.) (अंदकत) की कुल राजि के जलए दिनांक 29 जसतंबर, 2004 की अजधसूचना एफ सं.4(16)डब्ल्यूएण्डएम/2004 के परै ा 5 (ii) में यथा जिजित,“मांग जिकल्प” (काल ऑप्िन) का प्रयोग करते हुए, भारत सरकार की ब्याि रजित आईडीबीआई जििेष प्रजतभूजत, 2024, (जिसे इसमें इसके बाि संक्षेप 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 माचि, 2024 िोगी। 2178 GI/2024 (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 छि सौ बित्तर करोड़ जतित्तर लाख रुपए केिल (672.73 करोड़ रु.) (अंदकत) िोगा। राष्ट्रपजत के आिेि से, आिीष िच्छानी, अपर सजचि MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 21st March, 2024 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 and Six crores only (₹206.00 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, 2024. 3. Outstanding Stock The outstanding stock of the Special Security shall be Rupees Six Hundred Seventy Two crores and Seventy Three lakhs only (₹672.73 crore) [nominal] after the exercise of call option. By order of the President of India, ASHISH VACHHANI, Addil. 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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