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New age tech companies going public, ESG landscape key challenges to capital markets: SEBI chief

In addition, the flourishing landscape of ESG (environment, social, governance) investments is another major challenge to the capital markets due to absence of uniform ESG evaluation matrices, Ajay Tyagi said.

February 24, 2022 / 03:44 PM IST
SEBI Chairman Ajay Tyagi

SEBI Chairman Ajay Tyagi

SEBI chief Ajay Tyagi on Thursday said the increasing trend of new age technology companies, which are generally loss making, accessing public market is a key challenge to the capital markets.

In addition, the flourishing landscape of ESG (environment, social, governance) investments is another major challenge to the capital markets due to absence of uniform ESG evaluation matrices, he said.

Also, the regulator is in the process of notifying the detailed modalities for the proposed Social Stock Exchange, a platform for listing social enterprises and voluntary organisations so that they can raise capital.

Tyagi made these remarks at a SEBI-NISM Research Conference on 'Investing in recovery: challenges and opportunities for Indian securities markets'.