Anshu's Clothing shifts to BSE main bourse from SME platform

Ready-made apparels firm Anshu's Clothing Company has shifted to the main BSE exchange from the platform for small and medium enterprises (SMEs).
This is second such company to have shifted from SME platform to main bourse, BSE said in a statement.
"Anshu's Clothing Ltd shifts from BSE SME Platform to the main BSE Bourse," the exchange said, adding that the company had fulfilled all the eligible criteria for the same.
According to BSE, the company, has successfully met with criteria of completing the two years on the BSE SME bourse and that its post issue paid capital is more than Rs 10 crore, among others.

Anshu's Clothing had passed a resolution on November 28, 2013 whereby they have got approval from majority shareholders for migration on the main board.
The company, which is the business of designing, trading, job contract manufacturing, branding and selling of ready-made apparels, was listed on the BSE SME Platform in October, 2012.
BSE has a dedicated platform for trading in equities of SMEs to help them raise funds for growth and expansion in a cost effective manner.