SME exchange: BSE waiting for SEBI’s approval

PTI Mumbai | Updated on March 05, 2011 Published on March 05, 2011

Onlookers watching the screen at the BSE. File Photo: Vivek Bendre   -  THE HINDU

Bombay Stock Exchange (BSE) expects to launch its small-and-medium-enterprises (SME) exchange platform by the second-half of 2011, a senior Exchange official said.

“We have already applied for SEBI licence and are expecting approval shortly. We plan to roll-out the SME exchange in the second-half of this year once we receive the necessary clearances,” BSE’s Managing Director and CEO, Mr Madhu Kannan, told PTI on the sidelines of an event here on Saturday. The BSE plans to start a separate platform for SMEs to enable the latter to raise money from the market.

The National Stock Exchange (NSE) and privately-promoted MCX SX, have also applied for Securities and Exchange Board of India (SEBI) permission to launch SME exchanges last June.

Last year, the market regulator had laid the groundwork to allow small-and-medium enterprises to list on SME exchanges.

“We are ready with all the necessary infrastructure to launch the exchange. We are also in talks with some merchant bankers and brokers for their feedback,” he said.

Published on March 05, 2011

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.