BSE postpones launch of platform for start-ups

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The Bombay Stock Exchange has postponed the launch of the new platform for listing startups. The platform, scheduled for launch Monday, was aimed at facilitating the listing of companies in sectors such as IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce.

“BSE has decided to postpone the split of the BSE startup sub-segment from BSE SME segment. Startups will continue to list on BSE SME segment as usual. These startups will have the option to migrate to BSE startup segment once BSE startup segment is launched,” the exchange said in a circular. The stock exchange did not give a specific reason for postponing the launch.

ALSO READ: Start-ups can list on BSE from July 9; here’s how

On June 21, the exchange had announced that a new startup platform will be launched on July 9 in its SME (small and medium enterprise) segment in order to provide further incentive to startups.

It was targeted to aid the listing of companies from hi-tech defence, drones, nano technologies, artificial intelligence, big data, virtual reality, e-gaming, robotics, genetic engineering, among other sectors.

 

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