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Tuesday, Mar 08, 2005
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On-tap sale of State loans

Our Bureau

MUMBAI: The Governments of Maharashtra and Mizoram will raise around Rs 400 crore through the `on tap' sale of the 7.20 per cent State Development Loan, 2017, which has a maturity of 12 years.

The sale will be held at the RBI, Guwahati and at Mumbai (for both the States).

The RBI reserves the right to close the sale during banking hours on or after March 14. The date of payment will be March 16.

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