Tag: NSE to set up Social Stock Exchange (SSE) as a separate segment

NSE to set up Social Stock Exchange (SSE) as a separate segment National Stock Exchange of India (NSE) received in-principle approval from the Securities Exchange Board of In dia (SEBI) on December 19, 2022, to set up a Social Stock Exchange (SSE) as a separate segment of the NSE. Earlier, Hon'ble Finance Minister, Smt. Nirmala Sitharaman, in her Union Budget speech of 2019-20 had propo sed creation of a Social Stock Exchange, under the regulatory ambit of Securities and Exchange Board of India (SEBI) for listing social enterprises and voluntary organizations working for the realization of a social welfare objective, so that they can raise capital as equity, debt or as units like a mutual fund. Government of India, through gazette notification has declared a new security “Zer...