A R DAS
Ministry of Defence and National Stock Exchange of India Limited today signed a Memorandum of Understanding (MoU) to facilitate capital market access to the MSMEs. The MoU was signed by the Additional Secretary, Department of Defence Production and Managing Director, NSE in the presence of Defence Secretary Giridhar Aramane. The MoU intends to facilitate MSMEs in the defence sector to raise productive capital for their growth plan in an efficient and transparent manner through the NSE platform ‘NSE Emerge’. The platform offers new and viable options for raising equity capital from a diversified set of investors.
Ministry of Defence said that the MoU will be in force for a period of five years. During the period both departments would conduct an extensive awareness drive through various awareness programmes to guide corporates engaged with the Ministry of Defence for fundraising on the NSE Emerge platform.
The Ministry said that NSE will also assist MSMEs in connecting with intermediaries like merchant bankers, registrars, transfer agents, and depositories and guide them regarding the capital markets, capital raising mechanism and regulatory compliance and requirements.