BSE Partners MACCIA To Promote Benefits Of Listing On BSE SME
BSE, India’s leading exchange group has signed a Memorandum of Understanding (MoU) with Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA) for promoting and creating awareness in the state on the benefits of listing on BSE SME platform.
Through this partnership, BSE will provide intellectual and manpower support to enterprises registered with MACCIA to get listed in BSE SME platform. BSE SME will also provide training and capacity building programmes to MACCIA officials. BSE will appoint a Nodal person as single point contact in Maharashtra for providing end to end solution with respect to registration and listing on the BSE SME platform.
This MoU will help the micro, small and medium industries in the state to get registered in the capital market and raise capital from the public capital market. BSE will also provide technical support to all the MSME industries in Maharashtra, Lalit Gandhi, President, Maharashtra Chamber of Commerce, Industry and Agriculture.
Ajay Thakur, Head – BSE SME and start-up said “Through this association we continue our efforts in increasing knowledge and awareness on benefits of listing on the exchange and raising equity capital. With the help of MACCIA we aim to further reach out to the SMEs in deeper Maharashtra and help them to get listed on the BSE SME Platform.”
With businesses becoming more connected and more companies willing to expand and grow exponentially to meet the demand of time and to keep up in this race of globalisation, BSE Ltd and MACCIA partnership will support start-ups and SMEs across the state to educate and encourage in becoming a listed company without any hassle.
Lalit Gandhi, President, Maharashtra Chamber said, “Our vision and mission are to get the maximum number of start-ups and SMEs to be listed on the platform in coming years and help the whole business ecosystem which will support the Prime Minister Narendra Modi’s vision of activating India 2.0, fuelled by the spirit of Aatmanirbhar Bharat.”
Recently, BSE had signed a MoU with Federal Bank to promote listing of SMEs, start-ups. Till date 375 companies have been listed on BSE SME platform and have raised INR 3,997.58 crore from the market.
BSE established in 1875, is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatised and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. It provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds, Almond & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nationwide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.