BSE to facilitate wealth creation for SMEs

Written by Press Trust of India | Vadodara | Updated: Sep 22 2013, 20:38pm hrs
Small and medium scale companies should get listed on the BSE SME platform so as to avail of various benefits, a top Bombay Stock Exchange official has said. BSE was the first stock exchange in the country to launch the special BSE SME platform last year. Any company whose post-issue face value capital is less than R250 million is eligible to get listed on the SME platform, subject to fulfilment of other provisions, BSE MD and CEO Ashishkumar Chauhan said.

He said the exchange has 32 listed companies on the SME platform and 70 are waiting to be listed on the bourse. The CMD was addressing the 94th AGM of Federation of Gujarat Industries at Sevasi near Vadodara on Friday. Our vision is wealth creation for SMEs through inclusive growth and provide an international platform for SMEs and investors so that they can come together and raise equity capital, Chauhan said.