Separate exchange likely for SMEs in 2008: SEBI
The capital market regulator had earlier in last October cleared the proposal for an SME exchange in its board meeting. Shaping India's growth story | Day in Pics
By PTI |
MUMBAI: The small and medium enterprises in the country are likely to get this year an exclusive stock exchange, which would help them get a better exposure to investment environment.
"We will put in place an SME exchange. It will hopefully happen in 2008," Securities and Exchange Board of India Chairman M Damodaran said on Thursday.
However, he added that the regulator would not like fragmentation and would not want more than one SME exchange.
The capital market regulator had earlier in last October cleared the proposal for an SME exchange in its board meeting.
Damodaran told a FICCI-organised meet on capital markets here today that a large number of regional stock exchanges had come up with proposals to start the exchange for SMEs.
"We will put in place an SME exchange. It will hopefully happen in 2008," Securities and Exchange Board of India Chairman M Damodaran said on Thursday.
However, he added that the regulator would not like fragmentation and would not want more than one SME exchange.
The capital market regulator had earlier in last October cleared the proposal for an SME exchange in its board meeting.
Damodaran told a FICCI-organised meet on capital markets here today that a large number of regional stock exchanges had come up with proposals to start the exchange for SMEs.
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However, it is not clear which exchange would be allowed to set up a separate exchange for the SMEs.
"We are not too sure whether they are the right candidates given their track record. We will look at those capable of putting up the new exchange," he said.
Damodaran indicated that he has not yet taken a view as to which exchange be allowed to start an SME exchange.
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