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The auction for securities will be price based using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the notifications (copies enclosed), which should be read along with the General Notification F. No. 4 (13)-W&M/2008, dated October 8, 2008 issued by Government of India.

Government of IndiaMinistry of FinanceDepartment of Economic AffairsBudget Division New Delhi, dated July 25, 2016 NOTIFICATION Auction for Sale (Re-issue) of '7.80 per cent Government Stock, 2021' F. No.4 (3) W&M/2016: Government of India hereby notifies sale (re-issue) of '7.80 per cent Government Stock, 2021' (hereinafter called 'the Stock') for an aggregate amount of ?