Allocation of limits to FIIs/sub-accounts for investment in Government & Corporate debt through bidding process

Allocation of limits to FIIs/sub-accounts for investment in Government and Corporate debt through first come first served process

1. As per SEBI Circular No. IMD/FII&C/42/2009 dated April 09, 2010 the remaining limit for investment in Government and Corporate debt were to be allocated to the FIIs/ sub-accounts on a ‘first come first served’ basis in terms of our Circular dated January 31, 2008.

2. The list of entities got allocation of investment in Government and Corporate debt category are placed in Annexure A and Annexure B respectively.

In terms of SEBI circular dated November 06, 2008, time period for utilization of these allocated limits shall be 11 working days i.e. by May 04, 2010.

 

Allocation of limits to FIIs/sub-accounts for investment in Government & Corporate debt through bidding process

1. As per SEBI circular No. IMD/FII&C/42/2010 dated April 09, 2010, unutilised investment limits for Government & Corporate debt was available for allocation to the FIIs/ sub-accounts in the open bidding platform. The bidding for these limits took place today on the NSE offered platform.

2. Pursuant to the bidding, 11 successful bidders (list enclosed as annexure A) got allocation of investment in government debt category. In corporate debt category 18 successful bidders (list enclosed as annexure B) got allocation of investment.

3. These limits shall be utilized by the allocated entities within 45 days of the allocation.

Source: www.sebi.gov.in