Madhya Pradesh Stock Exchange (MPSE) was a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for t ...

located at

Indore Indore () is the largest and most populous city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and is the only city to ...

Madhya Pradesh Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the second ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

. It was a

SEBI The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive ...

recognized Permanent Stock Exchange, until its de-recognition in 2015. Established in 1919, it was 3rd oldest stock exchange in India, and a leading stock exchange under outcry system.

History

MPSEL was originally set up as an association in 1919, with around 150 broking members. It was granted permanent recognition under the provisions of the Securities Contract (Regulation) Act, 1956 ("SCRA"), by the Government of India in 1988. MPSEL currently has 185 broker members, including some of the leading brokering houses in India. Around 315 companies, including some of the leading corporates of the country are listed on MPSEL. After joining hands with National Stock Exchange (NSE) in 2012 and with the

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...

(BSE) in 2013, MPSE became the only regional stock exchange in India to provide independent trading platform for its members. MPSE was the first regional exchange to enter into agreement with both the stock exchanges and first in India to get SEBI's approval when it allowed regional exchanges to come out of hibernation. Prior to this trading at the MPSE was allowed through its subsidiary. In 2014, SEBI asked MPSE to create its own trading platform with a net worth of 100 crore or be de-recognized. SEBI de-recognized MPSE in 2015.

Timeline

Following is the timeline of the Madhya Pradesh Stock Exchange history. * 1919 - Incorporated as Association of Person. * 1957 - Recognized as Regional Stock Exchange. * 1988 -

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

granted permanent recognition. * 1992 - MPSE records highest turnover. * 2006 - MPSEL was corporatized into a limited company. * Aug 2007 - MPSE demutualized at a premium of Rs. 30/- per share. * 2008 - Sratagic Investors have taken up 51% stake at the Exchange. * 2009 - Auction of two trading membership rights at record price of Rs. 3.81 lacs and Rs. 3.51 lacs. * 10 Apr 2010 - Agreement under section 13 with National Stock Exchange (NSE). * 31 Mar 2011 - Approval of Securities and Exchange Board of India (SEBI) to NSE agreement. * 1 May 2012 - Agreement under section 13 with Bombay Stock Exchange (BSE). * 9 June 2015 - SEBI Exit Order in respect of Madhya Pradesh Stock Exchange Ltd (MPSE)Exit Order in respect of Madhya Pradesh Stock Exchange Ltd (MPSE)
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Notes

Economy of Madhya Pradesh Economy of Indore Buildings and structures in Indore Former stock exchanges in India 1919 establishments in India Financial services companies established in 1919 {{India-econ-stub

History

Timeline

See also

Notes