On Monday, Bombay Stock Exchange will auction investment limits for foreign investors to buy government debt securities worth Rs 654 crore.
According to a circular of exchange, the auction will be conducted on BSE’s e-bidxchange platform from 1530 hours to 1730 hours after the close of normal market hours on June 8.
“BSE will auction investment limits worth Rs 654 crore for overseas investors on Monday i.E, June 8, 2015,” the exchange said.
“The minimum bid is Rs 1 crore and the time period for utilisation of the limits is 15 days from the date of allocation. Upon sale/redemption of debt securities, the FII/QFI will have a re-investment period of 5 days,” BSE said.
“If the reinvestment is not made within 5 working days, then the limits shall come back to the pool of free limits.”