Live TVLive TV
News18 » Business
1-min read

Sebi to auction govt bonds worth over Rs 29,000 crore for FIIs

http://TMVraghav

First published: April 22, 2013, 10:01 AM IST | Updated: April 22, 2013
facebook Twitter google skype whatsapp
Sebi to auction govt bonds worth over Rs 29,000 crore for FIIs
FIIs have pumped in Rs 9,368 crore so far in 2013, after putting in Rs 34,988 crore in the debt securities during 2012.

New Delhi: Market regulator Sebi will hold an auction on Monday for grant of permission to Foreign Institutional Investors for investments worth up to Rs 29,000 crore in government bonds.

At the auction to be held on the BSE platform by Securities Exchange Board of India (Sebi), FIIs would be able to bid for investment limits of Rs 24,621 crore in the long-term government debt securities and the remaining Rs 4,487 crore in other government bonds.

The two-hour auction would start at the BSE after closure of stock trading hours at 3.30 pm. The FIIs need to bid for investment limits in an auction conducted periodically by Sebi as per the available limits, pursuant to which they can invest in the bond market.

Indian markets witnessed robust interest from FIIs in 2012 and the momentum has continued so far. FIIs have pumped in Rs 9,368 crore so far in 2013, after putting in Rs 34,988 crore in the debt securities during 2012. That was the highest annual net investment by FIIs in debt securities since 2010, when they had infused Rs 46,408 crore.

With Additional Inputs From PTI

facebook Twitter google skype whatsapp