MOU between BSE and IIT Alumni Council
- Posted By
14th Jul, 2020
- BSE (formerly Bombay Stock Exchange) has signed a Memorandum of Understanding (MoU) with IIT Alumni Council to encourage the listing of start-ups and develop a ‘High Investor Depth’ platform for those start-ups.
- The partnership will ensure transparency of the entity, improvement in governance, market discovery of share price, provide liquidity for private equity investors and enable retail participation.
- IIT Alumni Council proposes to use Artificial Intelligence (AI) and other automation tools to reduce time, cost and efforts involved in the listing process.
- It will help to minimise the listing time, complexity and cost for small and medium enterprise (SMEs) and start-ups by streamlining, automating and standardizing documentation processes. For this, the category-1 merchant banks will be empanelled.