Market regulator Securities and Exchange Board of India (SEBI) has ruled out the possibility of India having a separate exchange for small and medium enterprises (SMEs). At a conference, SEBI Chairman CB Bhave said the SME exchange platform could be on existing exchanges.
In the past, Bhave had admitted the regulator was considering the possibility, a long-standing demand of several SMEs.
The chairman announced a few changes with regards to SMEs and said they can now declare their results every half year, as opposed to every quarter now. “Listed companies will disclose their balance sheet every six months,” he said. SEBI had, he said, also relaxed norms of listing of SMEs.
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