Leading stock exchange NSE on Thursday said it has received in-principle approval from capital markets regulator Sebi to set-up a social stock exchange as a separate segment.
The National Stock Exchange of India (NSE India) received an in-principle nod from the Securities Exchange Board of India (Sebi) on December 19, it said in a statement.
“We are working towards the launch of SSE as a segment on NSE. We believe this platform will immensely benefit the social enterprises contributing to the sustainable development goals,” Ashishkumar Chauhan, MD and CEO of NSE, said.
The framework for the Social Stock Exchange (SSE), which was notified in July, was developed on the basis of the recommendations of a working group and technical group constituted by the regulator.
SSE is a novel concept in India and such a bourse is meant to serve the private and non-profit sectors by channelling greater capital to them. The idea of SSE was first floated by Finance Minister Nirmala Sitharaman in her
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