Muni Bond

The aggregate size of Indore Municipal's green bond sale is Rs 244 crore comprising a base size of Rs 122 crore and an option to retain oversubscription up to Rs 122 crore

Indore announces green bond issuance for Rs 244 cr, amount raised will be used to set up solar power plant

The proposed norms would be presented for Sebi's board approval at a meeting scheduled later this month, the officials added

Lack of adequate disclosure among Indian municipalities has stymied demand for such securities even among local investors