BSE gets in-principle regulator nod for SME exchange

This is part of the broader strategy of the BSE to offer superlative services and products to investors in India. It is also in keeping with the governmental agenda of greater financial inclusion.

FP Archives|May 25, 2011, 19:29:11 IST

Mumbai: The Bombay Stock Exchange said on Wednesday it has received an in-principle approval from regulator Securities and Exchange Board of India for launching the SME Exchange for small- and mid-sized enterprises.[caption id="attachment_15570" align="alignleft" width="380" caption="Promising enterprises will find it easier to access retail capital in future. Getty Images"][/caption]"This is part of our strategy to offer superior services and products to investors in India," Madhu Kannan, managing director and chief executive at the Bombay Stock Exchange, said in a statement. "It also ties up well with the governmental agenda of greater financial inclusion and allowing promising enterprises of the future to access retail capital," Kannan added.Reuters

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