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‘Amaravati Bonds’ Get Listed At BSE

27-08-201827-08-2018 05:30:00 IST
Updated On 26-10-2018 11:06:49 ISTUpdated On 26-10-20182018-08-27T00:00:00.000Z27-08-2018 2018-08-27T00:00:00.000Z - 2018-10-26T05:36:49.556Z - 26-10-2018

‘Amaravati Bonds’ Get Listed At BSE

The development of Andhra Pradesh’s new capital Amaravati got a major boost as the ‘Amaravati Bonds’ got listed at the Bombay Stock Exchange (BSE) earlier on Monday.

Rs 2,000 crore worth of bonds which were floated by Andhra Pradesh Capital Region Development Authority (APCRDA) were lapped up within an hour and half. Rated A+ by CRISIL, the bonds were subscribed 1.53 times.

Speaking on the occasion, Chief Minister of Andhra Pradesh Chandrababu Naidu described Amaravati as a pioneer across multiple domains. He mentioned about the initiatives of the new capital in areas such renewable energy, clean air and knowledge economy.

Describing Amaravati as a land of multiple opportunities, Ashish Chauhan, Managing Director, BSE assured that the city of Amaravati will get every possible support from the stock exchange.

Post the listing event, Naidu met Tata Trusts Chairman Ratan Tata, Tata Sons Chairman N. Chandrasekharan, Reliance Industries' Chairman Mukesh Ambani, CEO P.M.S. Prasad and Godrej Industries MD Nadir Godrej among a score of industrialists to discuss opportunities and investment scope in Amaravati.

NewsSting Team

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