Categories: Business

BSE and NSE cut annual listing fee by 25 percent for small, medium enterprises

Photo: GOOGLE

BSE, NSE cut annual listing fee for SMEs by 25 percent

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

Content Team

Recent Posts

Domestic fuel demand recover in June Up 11 percent over may

Photo: GOOGLE Fuel demand recover new Delhi. Fuel demand continues to improve after the lockdown imposed in the country due…

Higher off take by FCI due to covid 19 scheme can boost procurement agencies liquidity

Photo: GOOGLE FCI Procurement new Delhi. The operating cash flow (CFO) of the States procurement agencies (SPA) is expected to…

India now second biggest investor in UK

Photo: AP FILE India now second biggest investor in UK new Delhi. Among the countries investing in Britain, India has…