New Delhi: The Ministry of Defence (MoD) and National Stock Exchange of India Limited (NSE) have signed a memorandum of understanding (MoU) to facilitate capital market access to the MSMEs on Monday.
According to an official statement, this MoU intends to facilitate MSMEs in the defence sector to raise productive capital for their growth plan efficiently and transparently through NSE platform ‘NSE Emerge’. The platform offers new and viable options for raising equity capital from diversified set of investors.
The MoU has been signed by the Department of Defence Production's (DDP) Additional Secretary and NSE's Managing Director in the presence of Defence Secretary Giridhar Aramane.
The MoU will be in force for a period of five years, during which, DDP and NSE would conduct an extensive awareness drive through seminars, MSME camps, knowledge sessions, road shows & workshops to guide corporates engaged with the Ministry of Defence for fund raising on NSE Emerge platform.
NSE will also assist MSMEs in connecting with intermediaries like merchant bankers, registrar, transfer agent, depositories etc and guide them regarding the capital markets, capital raising mechanism and regulatory compliance and requirement. This MoU will help MSMEs and emerging companies in defence sector to scale-up their business operations, explore new markets and fund their R&D activities.
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