whispers in the corridors
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; Ashwani Bhatia, Whole Time Member (WTM), SEBI; and 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. 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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