Transform Rural India to list on SSE; Nova Agri IPO subscribed 109 times

by BS Reporter

The recently launched Social Stock Exchange (SSE) will see its second listing with Transform Rural India Foundation receiving an in-principle nod by National Stock Exchange to get listed. 

The funds raised by the foundation will be used for their self-employment and empowerment programmes for over 5,000 rural youths. The SSE enables investors subscribe to zero coupon zero principal (ZCZP) bonds of non-profit organisations (NPOs), which are backed with robust standards of social impact and financial reporting. The foundation said that it will soon ann­ounce the opening date of its ZCZP instrument.

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