Agra's first municipal bond oversubscribed 3.5 times, raises Rs.50 crore
LUCKNOW, April 12 -- Agra has marked a major milestone in urban infrastructure financing by successfully raising Rs 50 crore through its debut municipal bond, which was oversubscribed by an impressive 3.5 times. The issue attracted bids worth Rs 174 crore via the National Stock Exchange's electronic bidding platform, reflecting robust investor confidence in the city's governance and financial management....
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