Haryana to raise Rs 1000 cr through sale of Stock securities

CHANDIGARH: Haryana government today said it will raise Rs 1,000 crore through sale of its Stock (Securities) having a tenure of 10-years.

A notification to this effect has been issued by the Finance Department, Haryana.

The proceeds of the loan will be utilised to finance State Plan Outlay in connection with the development programmes of the state government, said an official release.

The auction of the government stock will be conducted by the Reserve Bank of India on September 24.