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MOU between BSE and IIT Alumni Council

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    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.

Verifying, please be patient.