New Delhi The major stock markets BSE and NSE on Monday decided to reduce listing fees on their respective SME platforms by 25 percent. This step has been taken amidst challenges faced by small and medium enterprises due to Corona virus epidemic. After the announcements of Finance Minister Nirmala Sitharaman to give relief to micro, small and medium enterprises, these markets have reduced the fees.
The BSE said in a statement that the new rates would also apply to companies listed further. Ajay Thakur, head of BSE SME & Startup, said that India is currently going through a major crisis due to the corona virus epidemic. In this challenging time we have the responsibility to provide assistance to SMEs, who are the foundation of our economy.
He said that we hope that these measures along with bold announcements of the government will help SMEs and encourage thousands of SMEs to enlist. The National Stock Exchange (NSE) also said that it has been decided to give 25 percent relief in annual listing fee in view of the challenging situation before SMEs. This relief is for companies that are currently listed on the Exchange Emerge platform.
BSE and NSE launched their own SME platforms in 2012. This helped SMEs to raise funds, get listed and do business through the exchange. 322 companies are listed on BSE's SME platform, while 209 companies are listed on NSE's Emerge platform.
This post was published on May 18, 2020 10:25 pm
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