BSE, on Tuesday, launched operations of its SME Exchange platform with the first listing ceremony of BCB Finance Ltd.
Market regulator Securities and Exchange Board of India (SEBI) had granted permission to BSE last September to launch SME Exchange to offer a platform to small and medium companies to raise capital.
Speaking on the occasion, R. K. Mathur, Secretary, MSME, said, “The MSME department has been looking forward to this platform.” C. S. Mohapatra, Adviser (FSDC), DEA, Ministry of Finance, who was also present at the ceremony, said that “this is a big contribution to the country where SMEs play a crucial role but face difficulties in raising capital for their potential businesses. This is an effective way to improve financial inclusion.”
Meanwhile, the National Stock Exchange (NSE) also announced the launch of its SME platform on Tuesday. The new platform will be called, ‘EMERGE'.
“It has the potential to significantly improve access to risk capital for emerging economies,” NSE Managing Director and Chief Executive Ravi Narain told reporters here. Mr. Narain also said trading on this platform would be allowed in both continuous market as well as call auction basis.
