20 MSMEs from UP listed on NSE, BSE last year
Lucknow, June 24 (KNN) In the past year, 20 Uttar Pradesh MSMEs have been listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Out of the twenty companies that have been listed, twelve companies worth of Rs 129 crore have been listed on the BSE while eight companies with a total net worth of Rs 101 crore were listed on the NSE.
Additional chief secretary, MSME and Khadi, Navneet Sehgal, said that the government will soon arrange a virtual interaction of FICCI and Laghu Udyog Bharti with NSE and BSE so that more companies could be encouraged to get listed on the stock exchange.
“Uttar Pradesh has 55 lakh demat accounts which is third largest in the country,” he added.
Sehgal held a meeting with Royal Benjamin, north India manager of the BSE and Rakesh Kumar Khurana, senior manager of the NSE on Thursday. During the meeting, it was decided that companies established in the last five years would get preference for listing on the stock exchange.
The state government is ready to provide all the necessary assistance to the companies that wish to be listed on the stock exchange.
Apart from this, the state government will also help list companies trading in ODOP products on the stock exchange. (KNN Bureau)