Chouhan to list Indore MC bonds at Mumbai Exchange

| | Bhopal | in Bhopal

Chief Minister Shivraj Singh Chouhan will list bonds of Indore Municipal Corporation in Mumbai Stock Exchange by sounding bell at 9 am on Thursday.

The Indore Municipal Corporation has issued bonds of Rs 170 crore on June 28 recently to ensure economic participation of citizens in urban development activities. In this way, the Indore Municipal Corporation has become the first of the state and third of the country’s Municipal Corporation to issue such bonds.

Bonds have been issued by the Municipal Corporation to develop water distribution, sewerage, and urban transportation facilities in Indore city.

The Union Government’s share of Rs 324.05 crore, the state government’s share of Rs 486.18 crore and Rs 162.08 crore as Municipal Corporation’s share has been decided under this.