The Hindu Business Line : SEBI mulls alternative trading platform for small, medium cos

THE Securities and Exchange Board of India's (SEBI) high-level committee is looking at setting up an alternative trading platform for small and medium enterprises, Mr G.N. Bajpai, Chairman, SEBI, told Business Line.

This is following the Budget announcement regarding setting up a platform where securities of small and medium enterprises (SMEs) can be traded.

The market development advisory committee comprises Dr Rakesh Mohan, Dy Governor - RBI; Mr Raghuram Rajan, IMF; Mr Kaushik Basu, Harvard University; and Dr Ashok Lahiri, Chief Economic Advisor to the Finance Ministry; among others.

"This committee is being engaged to help foreseeing market development initiatives that SEBI will have to undertake," said Mr Bajpai.

SMEs are being provided different mechanisms and a separate platform because it is essential for the development of the capital market to have access to more than the 9,000 companies that are currently listed, he said.

The committee is also discussing options for development of the bond market and the possibility of India becoming a regional finance centre.

The final meeting of the committee on these initiatives is sometime in August and the report would be tabled after that, pointed out Mr Bajpai.

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