The GHMC is getting ready to raise funds through online bidding as it has secured AA status among all municipalities in India. Hyderabad Mayor Bonthu Rammohan has said that there was an overwhelming response to an electronic bidding organised in Mumbai. The Mayor stated that the GHMC stood as a role model for all other municipalities in securing bonds. He has mentioned that the GHMC will be listed in the BSE at a glittering ceremony in the civic body’s main office on Thursday. Municipal Minister K Taraka Rama Rao will participate in the function, he added. GHMC Commissioner Janardhan Reddy has stated that the money raised through online bidding will be used for SRDP projects only.