The Indian markets could soon see the introduction of the so-called social stock exchanges, which enable investors to make impact investing. “It is time to take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion,” said Finance Minister Nirmala Sitharaman in the Budget speech. The proposed exchanges will be regulated by Sebi and will allow the listing of social enterprises and voluntary organisations.
The FM said entities working for the realisation of a social welfare objective will be able to raise equity and debt through an electronic fund raising platform. Globally, there are a few such exchanges, such as Singapore’s Impact Investment Exchange Asia and London’s Social Stock Exchange. These allow firms operating in sectors such as health, environment and transportation to raise risk capital.
“The social exchange
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.