BSE ties up with WB govt for SME awareness

BSE has signed an MoU with the Government of West Bengal to create awareness amongst the SMEs of the state about the benefits of listing. MoU was signed on August 21, 2018.

Through this MoU, Department Of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal in association with Chamber of Commerce and Industry Associations and BSE will facilitate building capacity of the state MSME sector through a series of workshops/seminars to create awareness among state SMEs on the various benefits of listing in exclusive SME platform. It will further encourage them to tap domestic capital markets to leverage alternative option for access to capital for expansion and growth and gain visibility at the National level. BSE will provide all intellectual and man power support in such awareness programs.

BSE, has facilitated the growth of the Indian corporate sector over the past 143 years by providing it with an efficient capital raising platform. BSE launched SME platform on March 13, 2012 and therefore became the first Stock Exchange to launch SME platform. Today BSE SME is the largest SME Platform in India having market share of 70 percent. Till now, 18 companies from West Bengal have already got listed on BSE SME platform and two of the largest issues have come from West Bengal.

On Tuesday, shares of BSE closed at Rs. 742, down by 0.58 per cent. Meanwhile the BSE Sensex closed at 38,285.75 level, up by 0.01 per cent.