SMEs briefed about alternative sources of funding
Updated: May 18, 2013 04:08:58pm
Indore, May 18 (KNN) The National Stock Exchange (NSE) organized an “Emerging Businesses Conclave” for the small and medium enterprises (SME) here, to educate them on the availability of alternative sources of finance to fund their growth requirements.
The conclave was inaugurated by Minister, Commerce and Industries and Employment, IT, Science and Technology, Madhya Pradesh Government Kailash Vijayvargiya.
While Chairman, SEBI U K Sinha, was the chief guest of the event, MD and CEO of NSE Chitra Ramkrishna delivered the opening remarks.
NSE’s SME platform ‘EMERGE’ helps companies with potential, to unlock value and emerge on a bigger stage. Not only does listing give these SME’s more visibility, it also gives them higher credibility amongst customers and other stakeholders.
Speaking on the occasion, Ramkrishna, said, “Availability of equity capital is a critical requirement to enable deserving SME’s to fully exploit the opportunities available to them. EMERGE provides them with a platform to raise funds in a transparent and efficient manner.”
NSE handholds interested entrepreneurs from the time they show intent to list right up to the stage of listing. Currently a few SMEs are trading on this platform and NSE has established a credible admission process for companies to give confidence to investors. Many credible institutions, retail investors as well as high net worth individuals are investing in these companies.
Apart from NSE's own admission process and a third party diligence to inspire investor confidence, NSE is encouraging the SME’s to get voluntarily graded by credible rating agencies. Additionally, the companies listed on EMERGE raise capital through a transparent book building process. (KNN)
The conclave was inaugurated by Minister, Commerce and Industries and Employment, IT, Science and Technology, Madhya Pradesh Government Kailash Vijayvargiya.
While Chairman, SEBI U K Sinha, was the chief guest of the event, MD and CEO of NSE Chitra Ramkrishna delivered the opening remarks.
NSE’s SME platform ‘EMERGE’ helps companies with potential, to unlock value and emerge on a bigger stage. Not only does listing give these SME’s more visibility, it also gives them higher credibility amongst customers and other stakeholders.
Speaking on the occasion, Ramkrishna, said, “Availability of equity capital is a critical requirement to enable deserving SME’s to fully exploit the opportunities available to them. EMERGE provides them with a platform to raise funds in a transparent and efficient manner.”
NSE handholds interested entrepreneurs from the time they show intent to list right up to the stage of listing. Currently a few SMEs are trading on this platform and NSE has established a credible admission process for companies to give confidence to investors. Many credible institutions, retail investors as well as high net worth individuals are investing in these companies.
Apart from NSE's own admission process and a third party diligence to inspire investor confidence, NSE is encouraging the SME’s to get voluntarily graded by credible rating agencies. Additionally, the companies listed on EMERGE raise capital through a transparent book building process. (KNN)
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