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
