Mumbai, Oct 16 (KNN) For the companies to migrate from Bombay Stock Exchange's (BSE's) Small and Medium Enterprise (SME) platform to mainboard BSE, a new framework has been formed. 

Under the new guidelines, companies listed on SME exchange need to have a market capitalisation of at least Rs 25 crore in order to move up to the main board, BSE said in a circular.
Elaborating on the same, BSE said that the market capitalisation on Weighted Average Price (WAP) of preceding 20 traded days from the date of submission of application to the bourse for migration from SME platform to the main board should be equal to or in excess of Rs 25 crore.

The exchange has not tweaked guidelines pertaining to requirement of post issue capital and debarred entities.

BSE said that the firms need to ensure that their post issue capital should be over Rs 10 crore, besides, companies, their directors or promoters should not be barred from the capital markets for shifting to the main platform. (KNN Bureau)

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