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Kerala to collect Rs 850 crore from securities sale

Posted on Dec 17, 09:37PM | UNI

Kerala Government has issued a notification for the sale of stock (securities) of 10-year tenure for an aggregate amount of Rs 850 crore.

The amount will be utilized for financing the development activities of the State, an official release said here today.

The sale will be subject to the open market borrowing programme.

The Government stock will be sold through the RBI Mumbai office.