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The Social Stock Exchange of India is set to begin trading next month, and one company in particular is getting a lot of attention for what it's doing with its money.
The Times of India reports on the unusual move by Embattled Group, which is listed on the exchange but has no income or profits to speak of.
Instead, it plans to use the proceeds from its IPO to fund its social projects, including a school for underprivileged children and a shelter for the poor.
The company's founder, Embattled Group CEO Puneet Talwar, tells the Times that the IPO is a way for his company to "show the world that we care about our community."
Embattled Group has been at the center of a legal battle with the government over its alleged misuse of public funds, and the Times notes that the company's shares have lost more than half their value since the start of this year.
The company's shares will be traded on the Social Stock Exchange of India from Nov. 22 to Dec. 22, according to a post on the exchange's website.
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