Rajkot Municipal Corporation raises Rs 100 crore through bond issue to boost infra, services

Rajkot Municipal Corporation (RMC) has successfully raised Rs. 100 crore through a municipal bond issue to enhance infrastructure and services. The bond issue was oversubscribed by 4.95 times, reflecting investor confidence in RMC’s financial health and growth prospects. The funds will be utilized to develop water supply, sewerage infrastructure, and other civic amenities in newly incorporated areas of the city.