Mumbai : In a unique first of its kind, Routes 2 Roots (R2R) – a Delhi-based non-profit NGO dedicated to promoting art, culture and heritage – reached a significant milestone by becoming ‘India’s first non-profit NGO in the field of art and culture to be listed on the Social Stock Exchange (SSE).’
R2Rs listing on the SSE comes on the heels of its recent IPO, which saw overwhelming demand and was completely sold out in record time.
This achievement marks a crucial step forward in social impact financing and is expected to provide the much-needed push to clean funds and transparent investment practices for NGOs.
The SSE initiative aims to provide a platform for NGOs to raise funds in a transparent manner. R2R aims to amplify its impact and reach, ultimately contributing to a more inclusive and equitable society.
The listing ceremony held recently at the NSE’s headquarters at the Bandra-Kurla Complex in Mumbai, played host to 25 school and college students in the opportunity for imparting financial education and fostering a culture of responsible investing from a young age.
Ashishkumar Chauhan, MD & CEO of NSE, said “NSE-listed companies have been agents of social impact through wealth creation, job opportunities and overall economic growth through common person’s participation in the markets. With the listing on SSE, the impact is going to increase manifold.”
