HEC Infra Projects becomes the 100th company to migrate from the SME platform to the NSE motherboard

The National Stock Exchange of India Limited (NSE) witnessed a company’s 100th migration from the SME platform to the motherboard on December 30.

HEC Infra Projects Limited is the 100th company to migrate from the SME platform to the Mainboard. The company is an EPC (Engineering, Procurement, and Construction) and SIRC (Supply Installation Testing & Commission) contractor in the field of electrical engineering.

NSE’s EMERGE SME platform was launched in 2012 and provides SMEs with a viable and sustainable option to raise funds in the capital markets. The platform saw 235 companies listed, totaling total issuance of over Rs 3,611 crore.

The regulatory framework offers the company the possibility to migrate from the SME platform to the Mainboard platform subject to meeting the specified criteria as provided by the exchanges.

Vikram Limaye, Managing Director and CEO of NSE, said: “NSE Emerge has focused on developing an ecosystem that allows small and medium-sized businesses to access capital markets to raise funds. Many companies have migrated from the SMB platform to the motherboard. We are also actively engaging with various government bodies, intermediaries, industry associations as well as with SMEs to publicize the benefits of registering on the SME platform. We are committed to helping SMEs in their fundraising efforts.

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Posted on: Thursday December 30th, 2021 4:41 PM IST

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