MUMBAI : A Securities and Exchange Board of India (Sebi) panel on Monday proposed wider avenues and a transparent electronic platform for raising social capital as it believes that conventional capital that prioritizes financial returns will not be able to carry the burden of rebuilding livelihoods that have been affected due to the –Covid-19.
While the idea to create a social stock exchange (SSE) platform which would list Non Profit Organisations (NPOs) and social welfare organisations as a transparent funding mechanism was first proposed in 2019-20 budget, the panel had faced hurdles on how will these firms be valued. “The paper was long overdue and we wanted to release it in February but certain rounds of deliberations delayed it.