The minimum issue size on social stock exchanges has been cut by half to Rs 50 lakh by SEBI.
The minimum application size for non-profits has also been reduced from Rs 2 lakh to Rs 10,000, according to Sebi.
SEBI
On November 25, the Securities and Exchange Board of India (SEBI) reduced by half the minimum issue size for non-profit organizations (NPOs) on the Social Stock Exchange (SSE).
Following the Board meeting, Sebi issued a press statement stating that the minimum issue size for public offering of zero-coupon zero principal instruments (ZCZP) by non-profit organizations (NPOs) on SSE has been decreased to Rs 50 lakh from Rs 1 crore.
It was stated that this was done to offer momentum to non-profit fund raising on the SSE.
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