Consider the following statements about Social Stock Exchange:

1.       Recently, the Unnati Foundation became the first entity to list on the social stock exchanges.

2.       It functions as a separate segment within the existing stock exchange and help social enterprises raise funds from the public.

3.       Retail investors can only invest in securities offered by for-profit social enterprises (SEs) under the main Board.

Which of the statements given above is/are correct?

Solution

Recently, the Unnati Foundation became the first entity to list on the social stock exchanges (SSE). It functions as a separate segment within the existing stock exchange and help social enterprises raise funds from the public through its mechanism. It would serve as a medium for enterprises to seek finance for their social initiatives, acquire visibility and provide increased transparency about fund mobilisation and utilisation. Retail investors can only invest in securities offered by for-profit social enterprises (SEs) under the main Board.