Media Release

Media Release

BSE signs MoU with Government of Chhattisgarh to promote listing of SMEs in the state

 

Mumbai, October 27, 2021: BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, has today signed a memorandum of understanding (MoU) with Government of Chhattisgarh to help in spreading awareness about the benefits of SME listing, committing to the healthy growth of SMEs.

Through this MoU, BSE will provide intellectual and manpower support to create awareness about the benefits of listing among SMEs and will conduct generation/capacity building programs. Besides, BSE will provide training and capacity building support to District Industries Centre officials of Government of Chhattisgarh.

As part of this association, the Department of Industries and Commerce will provide support in mobilizing the SME representatives through District Industries Centre. They will also help in mobilizing the State/Regional associations/chambers to encourage their SME members to attend capacity building programs.

Commenting on the Shri Manoj Kumar Pingua, Principal Secretary Commerce & Industries Government of Chhattisgarh said “the MoU entered with BSE today is a landmark for the state. This will help the SMEs of the states in getting equity financing which will help in their growth. This will future boost the income of the state and create employment.”

Commenting on this collaboration, Shri. Ajay Thakur, Head-BSE SME & Startups, said, “BSE has entered into the MOU with the Govt of Chhattisgarh today. Through this MOU BSE along with the Govt of Chhattisgarh will create awareness among the SMEs of the state about the benefits and criteria of listing on BSESME Platform. The SMEs of Chhattisgarh will leverage BSESME Platform for raising equity funds for their growth, unlocking the value of their companies, and creating visibility. This will further help in creating employment and growth in the state.”

BSE became the first stock exchange to get the approval from SEBI and had launched its SME platform on 13th March, 2012. So far 353 companies listed on BSE SME Platform have raised Rs. 3731.81 crore from the market and total market capitalization of 353 companies as on October 26, 2021 is Rs. 38538 crores, out of which 117companies are migrated to BSE Main Board. BSE is the market leader in this segment with a market share of 61 percent.

 

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE 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 nation-wide 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.

 

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. ICCL is the only clearing corporation in India to have been granted "AAA" rating by two rating agencies, India Ratings Ltd. (Indian arm of Fitch Ratings) and Care Ratings Ltd. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India. 

 

BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the framework issued by the Ministry of Finance, Government of India and SEBI. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.

 

India International Exchange (IFSC) Limited (India INX) is India’s first international exchange in International Financial Services Centre (IFSC) located at the Gujarat International Finance-Tec City (GIFT City). India INX is a subsidiary of BSE Limited. The Exchange was inaugurated by Hon’ble Prime Minister of India, Shri Narendra Modi, on Jan 09, 2017 and commenced its operations from Jan 16, 2017.

 

 

Media Contact:

Yatin Padia / Rahul Vyas/ Mihir Dani

022 2272 8516 / 2272 8472/ 77380 12080

Yatin.padia@bseindia.com/ Rahul.vyas@indiainx.com / Mihir.dani@adfactorspr.com