INDIA: BSE Signs MoU with Department of Industries & Commerce, Government of Haryana

Thursday July 18 2019

On 18^th July 2018, the Bombay Stock Exchange (BSE), has signed a Memorandum of Understanding (MoU) with Department of Industries & Commerce, Government of Haryana to encourage and support MSME in raising capital.

The Government of Haryana and BSE intend to facilitate SMEs in raising funds through BSE’s dedicated platform for SME’s -BSE SME- where small companies can list and raise productive capital, gain visibility and credibility vis-a vis large corporates.

The SMEs in Haryana will get the following benefits by getting listed on BSE SME Platform:

• It will provide the SMEs with equity financing opportunities to grow their business – from expansion to acquisition.
• Equity Financing lowers the debt burden leading to lower financing cost and healthier balance sheet.
• Listing expands the investors base, which in turn helps in getting secondary equity financing, including private placement.
• It enhances company’s visibility. Media coverage provides SMEs with greater profile and credibility leading to increase in the value of its shares.
• It will bring about greater incentive for employees as they can participate in the ownership of the company and benefit from being its shareholders.
• Overall, the SME sector will grow better on two pillars of financial system i.e. banking and capital market.

The Department of Industries and Commerce, Government of Haryana and BSE recognize the importance and role of the development of Micro Small and Medium Enterprises (MSME) sector in the state of Haryana and appreciate mutual cooperation for improving the financing opportunities for the MSME’s.

Click on the above link for further information.