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Uttar Pradesh CM rings bell at BSE for listing Lucknow Municipal Corporation bonds

Uttar Pradesh Chief Minister Yogi Adityanath rings the bell at the Bombay Stock Exchange today morning before listing the Lucknow Municipal Corporation bonds.

Uttar Pradesh Chief Minister Yogi Adityanath rings the bell at the Bombay Stock Exchange today morning before listing the Lucknow Municipal Corporation bonds. Lucknow now becomes the ninth city in the country to have adopted this route for fund raising and raised money at a coupon of 8.5 percent for 10 years.

As per the statement by the Uttar Pradesh government, the Lucknow Municipal Corporation had raised 200 crore rupees in the bond issued last month, and the state government felt the same route can be adopted by other cities like Ghaziabad, Varanasi, Agra and Kanpur.

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