| From Business-standard.com: Reliance Money, a Reliance Capital company and a part of the Reliance Anil Dhirubhai Ambani Group, is planning to float a stock exchange for small and medium enterprises (SME), with 26 per cent stake, and is scouting for partners to start the venture in about a year's time.
The company is also mulling to enter the currency futures space through the exchange. Recently, the Securities and Exchange Board of India (Sebi) had issued guidelines for SME exchange, and had set a minimum net worth criteria of Rs 100 crore for entity willing to start it..... Full Article: Source
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