The BSE has signed an MoU with the IIT Alumni Council to encourage listing of start-ups and develop a ‘high investor depth’ start-ups platform.

Ravi Sharma, president and chief volunteer of the IIT Alumni Council, said to increase access to pool of investors for start-ups, the council would use AI and other automation tools to reduce time, cost and efforts involved in the listing process. “Further, we shall encourage our associated and volunteer managed funds to underwrite, act as anchor investors as well as market makers for these IPOs. The entry of big ticket investors like Mega Fund into the start-up listing space will lead to a paradigm change in the start-up ecosystem and their ability to access capital,” he said.

Ashishkumar Chauhan, MD and CEO, BSE, said the BSE has always been in the forefront helping SMEs and start-ups list on the exchange and raise capital.

“This partnership will enable a complete end-to-end ecosystem for the proposed social stock exchange. BSE also looks forward to helping more firms get listed on the exchange as well as creating a sustainable start-up ecosystem through this strategic alliance,” he said.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here