Mumbai/UNI: BSE (Bombay Stock Exchange) signed a memorandum of understanding (MoU) with Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) for promoting and creating awareness regarding the benefits of listing on BSE SME platform.
Through the partnership, BSE will provide intellectual and manpower support to enterprises registered with MACCIA to get listed in the BSE SME platform.
BSE SME will also provide training and capacity building programs to MACCIA officials.
President of Maharashtra Chamber of Commerce, Industry and Agriculture Lalit Gandhi said,"This MoU will help the micro, small and medium industries in the state to get registered in the capital market and raise capital from the public capital market."
Head of BSE's SME and startups division Ajay Thakur said the initiative will encourage SMEs to list and raise equity capital on the exchange, according to media reports.
BSE had initiated its SME platform on March 13, 2022.
Till date, 375 companies have been listed on BSE SME Platform and have raised Rs. 3,997.58 crore from the market.