India Bse Inks Tender

With an aim to further strengthen the BSE Startups platform BSE Asias oldest exchange and now worlds fastest exchange with the speed of 6 microseconds has signed a memorandum of understanding MoU with HDFC Bank. The MoU has been signed to spread more awareness on the benefits of listing on BSES Startups on this platform.BSE had launched the Start Up platform on December 22 2018 with an aim to encourage entrepreneurs to get listed and raise equity capital for their growth and expansion.BenefitsDevelop awareness of BSEs Startup platform amongst HDFC Banks portfolio of startups. Also extend value-added support for eligible startups along with BSE for the listing. Offer Banking and Lending solutions to eligible start-ups already listed or due-to-list on BSE Startup platform. Ability to access capital via BSEs Startup platform in turn will enable startups to access growth capital and enhance tradability of an otherwise illiquid high-risk investment asset class.Commenting on the collaboration Shri Ajay Kumar Thakur Head BSE SME Start Up said BSE is the first exchange to have launched the Start Up platform. The idea was to help entrepreneurs look beyond the conventional channels of raising capital and enable them to list on the stock exchange to further enhance the credibility of the firm. While we have conducted numerous seminars in Tier 1 2 and 3 cities on the benefits of listing on the BSE Start Up platform we believe by associating with a leading bank like HDFC that boasts of a large network presence and Start up base would enable more firms to choose our platform and raise funds as well as improve productivity.Commenting on the association Ms Smita Bhagat Country Head Government e-commerce and Start-ups HDFC Bank This is part of our commitment to the larger cause of strengthening the Startup communityecosystem in the country. Startups are today reimagining and reshaping the world we live in. We are already partnering with them by mentoring them and giving them a chance to work with us. We are extremely happy to reinforce our commitment to them through this partnership with BSE.