{"id":264850,"date":"2022-04-01T10:30:31","date_gmt":"2022-04-01T05:00:31","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=264850"},"modified":"2022-04-01T10:28:23","modified_gmt":"2022-04-01T04:58:23","slug":"premature-redemption-of-a-part-of-outstanding-stock-of-non-interest-bearing-government-of-india-idbi-special-security-2024","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/01\/premature-redemption-of-a-part-of-outstanding-stock-of-non-interest-bearing-government-of-india-idbi-special-security-2024\/","title":{"rendered":"Premature redemption of a part of outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024"},"content":{"rendered":"<p style=\"text-align: justify;\"><span id=\"page1R_mcid47\" class=\"markedContent\">The <span dir=\"ltr\" role=\"presentation\">Government notifies further premature redemption <\/span><span dir=\"ltr\" role=\"presentation\">on Non-interest bearing Government of India IDBI Special Security, 2024 <\/span><span dir=\"ltr\" role=\"presentation\">by exercising &#8220;call option&#8221;\u00a0<\/span><span dir=\"ltr\" role=\"presentation\"> for an aggregate amount of Rupees One hundred <\/span><span dir=\"ltr\" role=\"presentation\">eighteen crore. <\/span><\/span><span id=\"page1R_mcid48\" class=\"markedContent\"><\/span><span id=\"page1R_mcid49\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The date of premature redemption of the Special Security by the Government of India shall be <\/span><span dir=\"ltr\" role=\"presentation\">March 31, 2022.<\/span><\/span><span id=\"page1R_mcid50\" class=\"markedContent\"><br role=\"presentation\" \/><\/span><span id=\"page1R_mcid51\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">The outstanding stock of the Special Security shall be Rupees two thousand six hundred thirty three crore <\/span><span dir=\"ltr\" role=\"presentation\">and seventy three lakhs only (` 2,633.73 crore) [nominal] after the exercise of call option.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government notifies further premature redemption on Non-interest bearing Government of India IDBI Special Security, 2024 by exercising &#8220;call option&#8221;\u00a0 for an <\/p>\n","protected":false},"author":8808,"featured_media":264809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-264850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Premature redemption of a part of outstanding stock of 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