Last mentioned: Mar 9, 2026
NSE Listing
Official listing ceremony held at the National Stock Exchange, marking the start of secondary market trading.
Public Listing
NMC Green Bonds officially commence trading on the National Stock Exchange.
Subscription Period
The public issue opens for institutional and retail investors, seeing strong demand.
Regulatory Approval
SEBI and MoHUA clear the issuance framework for Nashik's green debt.
Credit Rating
Leading agencies assign investment-grade ratings to the proposed bond issuance based on NMC's revenue streams.
Project Identification
NMC identifies key water and solar projects for green bond funding.
Board Approval
NMC General Body approves the proposal to raise funds via green municipal bonds.
The Nashik Municipal Corporation has successfully listed its inaugural public Green Municipal Bonds on the National Stock Exchange. This move marks a significant shift toward market-based financing for urban environmental projects in India's Tier-2 cities.
The Nashik Municipal Corporation (NMC) has officially listed its inaugural public green municipal bonds on the National Stock Exchange, marking a pivotal shift toward sustainable urban financing in India. The capital raised is earmarked for climate-resilient infrastructure, signaling growing institutional confidence in sub-sovereign ESG debt.