Sebi sets up panel to suggest norms for social stock exchanges

Mumbai: The Securities and Exchange Board of India (Sebi) said on Thursday it has constituted a working group on Social Stock Exchanges (SSE) under the chairmanship of Ishaat Hussain, Director, SBI Foundation.

The other members of the working group are TV Mohandas Pai, Chairman of Manipal Global Education; Roopa Kudva, MD, Omidyar Network India; Amit Chandra, Chairman, Bain Capital; Saurabh Garg, Principal Secretary to Government of Odisha; Shamika Ravi, Director of Research, Brookings India; Vineet Rai, Founder and MD; and Aavishkaar Venture Management Services among others.

The working group shall examine and make recommendations with respect to possible structures and mechanisms, within the securities market domain, to facilitate the raising of funds by social enterprises and voluntary organizations.


In Budget in July, Finance Minister Nirmala Sitharaman proposed a social stock exchange for social enterprises and voluntary organisations working for social welfare to help them raise capital through debt, equity and mutual fund.