Key facts
- India's richest civic authority has extended the bid submission deadline for its 95 billion rupee municipal offering.
- The Brihanmumbai Municipal Corp. is seeking bids for merchant banker selection by June 19.
- Bid opening is now scheduled for June 22, moved from June 16.
India's wealthiest municipal authority, the Brihanmumbai Municipal Corp., has extended the deadline for submitting bids for merchant banker selection for its 95 billion rupee municipal offering. The new deadline for bids is June 19, with the bids to be opened on June 22, a shift from the original plan of June 16. This financial undertaking is expected to be raised in one or more tranches.