Summary:
The GHMC on Thursday listed the ?200-crore worth municipal bonds on Bombay Stock Exchange, thereby becoming the second municipal corporation after Pune to do so. Joshi, and Mayor B.
Rammohan formally rang a gong announcing listing of bonds in a ceremony organised at the GHMC head office. Principal Secretary, Municipal Administration and Urban Development Arvind Kumar, said the GHMC must take up many more innovative funding patterns for infrastructure development works in the near future. Speaking on the occasion, Mr.
Joshi, said the GHMC has to strive for an AAA positive Credit rating from the existing AA stable rating. Mr.
Ram Mohan siad the GHMC was planning to raise ?800 crore more through the bond market in the coming days..