GHMC Bond taps Rs 100 cr in capital market

  • | Tuesday | 20th August, 2019

A+ A-Hyderabad: The GHMC Municipal Bond Series III phase, bidding for Rs 100 crore was successfully tapped the capital Markets here today. It created a record in the country that GHMC has successfully secured bidding for Rs 100 crore from the capital markets and this was the only corporation in the country that hit the capital markets for the third time, Mayor Bonthu Rammohan said here today, adding that the secured Rs 100 crore will be spent on the projects undertaken under SRDP. With this amount, works like Fly-overs, Underpass, bridges will be undertaken, the Mayor said. The bidding for GHMC Municipal bonds opened from 11.30 am and it received bidding for Rs 100 crs well before 12.30 pm i.e. Commissioners, Sikta Patnaik, D. Jayaraj Kennedy, Bombay Stock Exchange officials, SBI Capital Markets, SPA Securities Limited, SBICAP Trustees, Karvy (RTA) MV KINI (Legal Advisor) and Advisor, to Municipal Department Jayasree.

Read Full Article Here

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Hyderabad Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles