The authority on capital markets, Securities & Exchange Board of India (SEBI), has announced a framework for the social stock exchange in 2022 to give social businesses another option to raise money.
The recommendations of a working group and technical group, assembled by the regulator, served as the foundation for the development of the Social Stock Exchange (SSE) framework.
A social stock exchange is a venue for social entrepreneurs involved in making a positive social impact to list shares and raise money. Such an exchange would be beneficial to businesses seeking funding as well as sociable investors looking for legitimate businesses operating in the social sectors. It would be a different component inside the existing Indian stock exchanges. Unlike traditional stock exchanges, SSE has a higher purpose that should be represented in their governance, structure, and operations.
