20 hrs ago
Light of Life Trust Lists on BSE Social Stock Exchange
Light of Life Trust is a nonprofit organization that helps children and families facing poverty.
It has joined the BSE Social Stock Exchange.
The trust is raising ₹1.27 crore through a special type of bond.
People who buy these instruments do not receive principal or interest as a normal bondholder would.
Instead, their money supports social work.
The funds will help 420 children in Bihar and Jharkhand with education and development.
The smallest application is one instrument worth ₹1,000.
Trust officials said the exchange may help them reach more donors and show clearly how they use money.
The trust has worked in education, healthcare, livelihoods and sustainable development since 2002.
Light of Life Trust has listed on the BSE Social Stock Exchange to raise funds for social programmes.
Its ₹1.27 crore Zero Coupon Zero Principal bond issue will support 420 children in Bihar and Jharkhand.
The funds are intended for education and development programmes for children from underserved communities.
Each bond instrument has a face value of ₹1,000, with applications allowed from one instrument upward in multiples of one.
The trust and advisers said the listing can improve transparency, donor access and public trust in the nonprofit sector.
- Who
- Light of Life Trust, along with advisers and representatives associated with the BSE Social Stock Exchange.
- What
- The nonprofit listed on the BSE Social Stock Exchange and launched a ₹1.27 crore Zero Coupon Zero Principal bond issue.
- Where
- The programme will support children in Bihar and Jharkhand, while the listing is on the BSE Social Stock Exchange.
- When
- Why
- To raise funds for education and development programmes for 420 children from underserved communities and broaden access to donors and investors.
Key facts
- Organisation
- Light of Life Trust
- Bond type
- Zero Coupon Zero Principal instrument
- Issue size
- ₹1.27 crore
- Beneficiaries
- 420 children
- Programme locations
- Bihar and Jharkhand
- Face value
- ₹1,000 per instrument
- Established
- 2002
Quotes
Villy Doctor
Founder of Light of Life Trust
“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.”
CNBC TV 18
Sources
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