India’s National Stock Exchange (NSE) has received regulatory approvals for launching a small and medium enterprises (SME) exchange platform this month, The Hindu reports. The separate platform within the NSE is being set up with the help of Small Industries Development Bank of India.
The platform will provide SMEs the opportunity to tap the market and unlock their intrinsic value. The exchange has held discussions with 50 to 60 companies. For listing on the SME platform, a company’s paid-up capital post-issue must be less than $2 million. If its paid-up capital ranges between about $2 million and $5 million, the company can come choose between the main exchange and the SME platform.
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