Another step towards SME exchange

The Bombay Stock Exchange has submitted a preliminary application to the capital market regulator Securities and Exchange Board of India (Sebi) for setting up a separate exchange for small and medium-size enterprises.

At present there are almost 3,000 SMEs trading through the BSE platform. BSE is looking forward to target a wide range of customers through the exchange. The National Stock Exchange and MCX Stock Exchange (MCX-SX) have also shown interest in setting up such a platform for SMEs.

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