GHMC to raise Rs 25 billion via rupee term loan

The Telangana government has granted permission to the Greater Hyderabad Municipal Corporation (GHMC) to appoint SBI Capital Markets Limited for obtaining funds worth Rs 25 billion for the Greater Hyderabad Strategic Road Development Plan project. Following this, the GHMC approved the appointment of SBI Capital Markets to raise funds worth Rs 10 billion through municipal bonds and Rs 25 billion through rupee term loans on a nomination basis.