Sebi sets up expert panel to suggest norms for social stock exchanges

The working group will be headed by Ishaat Hussain director at SBI Foundation and will have 14 other members including TV Mohandas Pai and Amit Chandra

Sebi on Thursday set up an expert panel to make recommendations on setting up so-called social stock exchanges in the country. These exchanges allow companies operating in sectors such as health, environment and transportation to raise risk capital.

The working group will be headed by Ishaat Hussain director at SBI Foundation and will have 14 other members including TV Mohandas Pai, Chairman of Manipal Global Education and Amit Chandra, chairman, Bain Capital. In the Budget, the Centre had asked Sebi to initiate steps towards creating a social stock exchange. “The working group shall make recommendations with respect to structures and mechanisms, within the securities market domain” Sebi said in a release.