The Bombay Stock Exchange (BSE) is planning to set up a separate exchange for small and medium enterprises (SME).
BSE’s Deputy Chief Executive Officer Ashish Chauhan said that they plan to start a SME exchange as per market regulator SEBI’s guidelines. With this he said they are targeting a wide range of customers. The discussions are on with various merchant bankers and brokers for feedback.
There are 3000 SMEs trading through the BSE he informed. He said that it may take six months for the launch and that they will not do anything in a jiffy.
The National stock Exchange and new entrant MCX stock exchange (MCX-SX) have shown interest in setting up the SME exchange. The market regulator Securities and the Exchange Board Of India (SEBI) has laid the groundwork to allow small and medium enterprises (SMEs) to list on SME exchanges recently.