SEBI OKAY WITH BOURSE FOR SMEs

The Securities and Exchange Board of India (SEBI) has taken an inprinciple view to promote an exchange for small and medium enterprises (SME exchange) as part of the existing stock exchanges. The object of the exchange will be to provide capital to SMEs which in turn will help them grow in size. Subsequently they could list in bigger exchanges, which then will be more of a formality rather than a separate exercise. This is because, the bigger exchanges by then will have the preliminary data for necessary surveillance of the companies.