“We have applied for Sebi licence and are expecting approval shortly. We plan to roll-out the SME exchange in the second-half of this year once we receive the necessary clearances,” Managing Director & CEO Madhu Kannan told PTI here.
BSE plans to start a separate platform for SMEs to enable the latter to raise money from the market.
The National Stock Exchange (NSE) and privately-promoted MCX SX, have also applied for Securities & Exchange Board of India’s (Sebi) permission to launch SME exchanges last June.
“We are ready with all necessary infrastructure to launch the exchange. We are also in talks with some merchant bankers and brokers for their feedback,” Kannan said.