Mumbai, Sep 05: Light of Life Trust, a not-for-profit organisation working towards breaking the intergenerational cycle of poverty, is listed on the BSE Social Stock Exchange , marking an important step in its efforts to strengthen access to education and create sustainable opportunities for children from underserved communities.
As part of the listing, LOLT has undertaken a Zero Coupon Zero Principal Bond Issue of ₹1.27 crore, aimed at supporting the education and holistic development of 420 children from underserved communities in Bihar and Jharkhand. The issue comprises ZCZP instruments with a face value of ₹1,000 each, with a minimum application of one instrument and multiples thereof.
The SSE listing provides LOLT with a regulated and transparent platform to mobilise social-impact funding while enabling individuals, institutions and organisations to contribute towards clearly defined social outcomes.
Speaking on the occasion, Villy Doctor, Founder, Light of Life Trust, said,
“Education has the power to change not just an individual life, but the trajectory of an entire family and, over time, an entire community. Our listing on the Social Stock Exchange is an important step in creating a more structured and transparent avenue for people and institutions to participate in this journey.
“Through the ZCZP issue, we hope to support children who face significant barriers to continuing their education and provide them with the guidance, support and opportunities they need to build a more secure and dignified future. We are grateful to everyone who believes that investing in education is one of the most meaningful ways to create lasting social change.”
“Seeing Light of Life Trust list on the BSE Social Stock Exchange is a very special milestone for us at ERIX Advisors, especially as it becomes one of the top three organisations to list on the platform. For us, the Social Stock Exchange is not just about raising funds; it’s an opportunity for NGOs to enhance transparency, improve their readiness, and tap into a broader network of donors and investors,“ said CS Payal Gupta, Founder, ERIX Advisors, Advisor to the Issue
Pushpa Aman Singh, Founder & Director of GuideStar India and a member of the SEBI-constituted SSE Advisory Committee and BSE’s SSE Governing Council, says,
“LOLT’s efforts to voluntarily embrace the highest standards of public disclosure are an important contribution toward enhancing not just its credibility but also an important step toward inspiring trust in India's NPO sector."
The Social Stock Exchange framework also strengthens accountability and transparency in social-impact fundraising, enabling organisations to demonstrate the intended use of funds and the outcomes created through their programmes.
