BSE to start separate platform for SMEs
21 Jul 2010
The Bombay Stock Exchange is to start a separate platform for the small and medium-size (SME) enterprises by the year-end, according to a top bourse official.
''We are awaiting SEBI approval. I am hopeful that in 3-6 months we will start the SME exchange,'' BSE Deputy CEO Ashish Chauhan told today.
The exchange submitted the preliminary application to capital market regulator SEBI earlier this month to seek permission for the SME exchange launch.
The exchange would facilitate SMEs to raise money from the market once it is live.
Asia's oldest bourse is in talks with a number of merchant bankers and brokers to seek their feedback on the endeavour. At present there are around 3,000 SMEs trading through the BSE platform.
Apart from BSE, National Stock Exchange and MCX Stock Exchange (MCX-SX) have also evinced keen interest in setting up such platforms for the SMEs.