Ahmedabad, Chennai among 5 civic bodies seeking to raise Rs 1,000 crore

Pimpri Chinchwad, Surat and Prayagraj are the other municipalities seeking to sell bonds. Pimpri Chinchwad Municipal Corporation, which is likely to start its issue in May, could raise about ₹200 crore, sources said. Chennai, on the other hand, could sell bonds worth around ₹300 crore in May or June. The remaining corporations are in the process of finalising the exact quantum of funds to be raised.

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