NSE sees 100th enterprise migration from PME platform to motherboard

The stock exchange’s SME platform, EMERGE, was launched in 2012 and offers SMEs a viable and sustainable option to raise funds in the capital markets.

The main NSE stock exchange attended the 100th migration of the platform for SMEs (small and medium-sized enterprises) to the motherboard on Thursday.

The stock exchange’s SME platform, EMERGE, was launched in 2012 and offers SMEs a viable and sustainable option to raise funds in the capital markets.

The platform saw 235 publicly traded companies, with total issuances of over Rs 3,611 crore, the National Stock Exchange of India Ltd (NSE) said in a statement.

Understanding the important role played by SMEs in the Indian economy, NSE said it has always been at the forefront of supporting, facilitating and assisting SMEs in this endeavor.

The regulatory framework offers companies the possibility of migrating from the SME platform to the motherboard platform, subject to meeting specific criteria, as provided for by the stock exchanges.

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

Vikram Limaye, MD and CEO of NSE, said that NSE Emerge has focused on developing an ecosystem for 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 promote awareness of the benefits of registering on the SME platform. We are committed to helping SMEs in their fundraising efforts, ”he added.

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