BSE Gets Sebi Approval For SME Exchange

The markets regulator Sebi today granted permission to the country’s premier bourse BSE to launch its much-touted SME Exchange that will offer a platform to small and medium companies to raise funds from the primary as well as debt markets.

Commenting on the development, BSE Managing Director and Chief Executive Madhu Kannan said, “we are glad to have received approval from Sebi to launch the new exchange for small and medium enterprises. This is a great boost to our efforts in offering multiple asset classes to investors. With this, we are doing our bit to contribute towards the governmental agenda of greater financial inclusion and allowing promising enterprises of future to access retail capital.”

From: http://ping.fm/1Bf84