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.
Published 16 July 2009, 16:24 IST