Press Releases

Date of Auction : April 18, 2007

I.

Notified Amount

Rs.2000.00 crore

(Out of which Rs.1500 crore
is MSS Amount)

II.

Underwriting notified amount

N.A.

III.

Competitive Bids received

(i)

Number

69

(ii)

Amount

Rs.2714.35 crore

IV.

Cut-off price

Rs.98.17 (YTM is 7.4769%)

V.

Competitive bids accepted

(i)

Number

29

(ii)

Amount

Rs.709.35 crore

(Out of which Rs.209.35 crore
is MSS Amount)

VI.

Partial Allotment Percentage
of Comp. Bids

Nil

VII.

Weighted Average Price

Rs.98.18

VIII.

Non-competitive bids received

(i)

Number

2

(ii)

Amount

Rs.1000.00 crore

IX.

Non-competitive bids accepted

(i)

Number

2

(ii)

Amount

Rs.1000.00 crore

(iii)

Partial Allotment Percentage

100