MOU between BSE and IIT Alumni Council

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.