BSE inks pact with IIT Alumni Council to encourage startups listing

BSE said it has signed a pact with IIT Alumni Council to encourage listing of startups and develop a 'high investor depth' platform for such new generation companies.The newly-formed partnership will ensure a complete end-to-end ecosystem for the proposed social stock exchange.

The exchange further said the alliance will ensure entity transparency, governance improvement, market discovery of share price, provide liquidity for private equity investors and enable retail participation.

Ravi Sharma, President and Chief Volunteer of the IIT Alumni Council, said to enhance the efficiency of listing process and also to increase access to pool of investors for startups, IIT Alumni Council proposes to use artificial intelligence and other automation tools to reduce time, cost and efforts involved in listing process.

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