The Social Stock Exchange (SSE) of the National Stock Exchange (NSE) achieves yet another milestone of celebrating its first five listings on the NSE-Social Stock Exchange (SSE) Platform – by Swami Vivekananda Youth Movement (SVYM), Transform Rural India, Mukti, Ekalavya Foundation; and SGBS Unnati Foundation. This remarkable event took place at the National Stock Exchange’s (NSE) Headquarters in Bandra Kurla Complex (BKC), Mumbai, commemorating a significant step forward in impact-driven finance.
These listings have resulted in the fund mobilization of approximately INR 8 Crore which will be utilised for several developmental projects across the areas such as education, skill development, agriculture, livelihoods women empowerment etc.
The event, celebrated with enthusiasm, witnessed the presence of respected Smt. Madhabi Puri Buch, Chairperson, SEBI, Dr. R. Balasubramaniam, Chairman, Social Stock Exchange Advisory Committee, SEBI; Shri Ashwani Bhatia, Whole Time Member (WTM), SEBI; and Shri A Balasubramanian, MD & CEO of Aditya Birla Sunlife AMC; and brought together several distinguished dignitaries, officials, and representatives from Non-Profit Organizations (NPOs) and other stakeholders.
Smt. Madhabi Puri Buch, Chairperson, SEBI said, “Non-profit organisations play a pivotal role in facilitating inclusion of all citizens into the mainstream of the country. In order to play this role effectively, they need access to donors and their contributions. The SSE has a critical role to play in this by fostering Trust and Transparency in the social sector.”
Dr. R. Balasubramaniam – Chairman, Social Stock Exchange Advisory Committee, SEBI, shared “Apart from opening up a new financial pipeline for social sector development in India, the Social Stock Exchange will democratize participation of a large number of people in making India a developed nation during Amrit Kaal”.
Shri Ashishkumar Chauhan, MD & CEO of NSE extended heartfelt congratulations to all the first 5 NPOs on the NSE-SSE Platform. He expressed “NSE-listed companies have been agents of social
impact through wealth creation, job opportunities, and overall economic growth through common person’s participation in the markets. With the listing on SSE, the impact is going to increase
manifold. This framework offers several advantages such as Transparency, Trust, Efficiency, Cost Saving, Discoverability, Impact Measurement and Outcome Based Philanthropy.” He also gave a special mention to SEBI that played a pivotal role in launching the Social Stock Exchange framework in India.
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