Bengaluru’s Unnati to be 1st to list on social bourse

Bengaluru-based not-for-profit organization SGBS Unnati Foundation is set to become the first entity in India to list on a social stock exchange (SSE). The foundation will offer zero-coupon-zero-principal (ZCZP) bonds for Rs 2 crore, with the issue closing on November 7. The bonds are expected to be listed on SSEs of NSE and BSE on November 30. The funds will be used to train graduating youths and assist them in employment placement through the foundation’s UNXT program. SSEs connect people willing to fund welfare initiatives.