Mumbai: The Social Stock Exchange (SSE) achieves yet another milestone with the successful second listing, featuring Ekalavya Foundation, on the SSE Segment. The listing ceremony took place at the National Stock Exchange’s Headquarters in Bandra Kurla Complex (BKC), Mumbai, marking a significant step forward in the realm of impact-driven finance.
The inaugural listing of SGBS Unnati Foundation on December 13, 2023, set the stage for historic moments on the SSE platform. The current listing, celebrated with enthusiasm, witnessed a gathering of distinguished dignitaries, officials, and representatives from Non-Profit Organizations (NPOs), NABARD, donors such as Zerodha and other stakeholders.
Ekalavya Foundation successfully mobilized funds amounting to approximately INR 85.30 lakhs. These funds will play a pivotal role in facilitating the training of tribal farmers in the state of Telangana. The focus of the training will be on sustainable livelihood development in agriculture-allied sectors.
Shri Sriram Krishnan, Chief Business Development Officer of NSE extended heartfelt congratulations to the Ekalavya Foundation team. He expressed “I am reminded of the words of our Hon’ble Finance Minister, Government of India Smt. Nirmala Sitharaman of taking “the capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion”, during the budget session of 2019, where the vision for an SSE was cast, a vision that is no longer a distant dream but a tangible reality.” He also gave a special mention to SEBI that played a pivotal role in launching the Social Stock Exchange framework in India.
The SSE platform continues to grow and today we have more than 50 registered Non-Profit Organizations (NPOs). Among these, a few more NPOs have successfully raised funds, and many others are in the process of doing so. The initiatives span diverse developmental areas, including education, skilling, agriculture, and poverty alleviation for tribal farmers.
The SSE platform remains committed to bridging the gap between financial markets and social welfare objectives, bringing about inclusive growth and financial empowerment. As more NPOs express their intent to raise funds through SSE, the platform solidifies its role as a catalyst for positive social change.
About National Stock Exchange of India Limited (NSE)
National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2023. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.
