Date of Auction :January 07,2004
I.	Notified amount			:	500.00 crore
II.	Competitive Bids received
	(i)		Number	:	35
	(ii)		Amount	:	892.00 crore
III.	Cut-off price			:	98.95
IV.	Competitive bids accepted
	(i)		Number	:	17
	(ii)		Amount	:	500.00 crore
V.	Partial Allotment Percentage of Comp. Bids			:	44.33 (5 bids)
VI.	Weighted Average Price			:	98.96
VII.	Non-competitive bids received
	(i)		Number	:	0
	(ii)		Amount	:	Nil
VIII.	Non-competitive bids accepted
	(i)	Number		:	0
	(ii)	Amount		:	Nil
	(iii)	Partial Allotment Percentage		:	Nil
IX.	Devolvement on RBI			:	Nil

Ajith Prasad
Manager

Press Release : 2003-2004/835