Sebi has received three applications and is working on the norms for allowing listing of SMEs in stock exchanges.
When contacted the Promoter of MCX-SX, Financial Technologies India Ltd (FTIL) Group CEO and Chairman Jignesh Shah told PTI, “ We are committed and capable of providing a stock exchange platform for SMEs.” According to a FinMinistry source, Sebi is keen on allowing SMEs on competent stock exchanges rather an exclusive bourse for SMEs. According to sources, BSE and NSE have also sought permission.
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