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Sebi to relax norms to allow smart cities to issue muni bonds

Sunday, August 11, 2019, 7:17 PM

Capital market regulator Sebi is planning to ease its norms for 'Muni Bonds' to help smart cities and other registered entities working in areas of city planning and urban development work, like municipalities, raise funds through issuance and listing of their debt securities. The proposed norms would be presented for Sebi's board approval at a meeting scheduled later this month, the officials added.