Commerce Minister Piyush Goyal exhorts SMEs to consider dual listing

Mumbai, Oct 10 (KNN) To increase capital raising options small businesses must think about dual listing one on BSE’s SME platform and also on Gift City in Gandhinagar, said Union Commerce and Industry Minister Piyush Goyal on Monday.

He was speaking at an event to acknowledge the 400th listing on the BSE’s SME platform, reported Financial Express. 

“Possibly you can look at the International Financial Services Centre at the Gift City. We also need to see whether we can encourage some of these companies to explore getting listed through the Gift City platform or a dual listing between Mumbai and the Gift City,” he said.

The Minister said that dual listing will help tap into domestic capital and also the international funds.

He urged BSE to try and get foreign institutional investors and sovereign wealth funds participate in this exchange.

Emphasising on SME platform’s potential, the Minister said we need to get more domestic investors in and also sensitise international investors.

About 150 small companies which were first listed on the SME platform have moved to trade on the main platform now.  (KNN Bureau)