Madhya Pradesh Stock Exchange

Madhya Pradesh Stock Exchange (MPSE) is located at Indore, Madhya Pradesh, India is the 3rd Oldest Stock Exchange in the Country & a leading Stock Exchange under outcry system. MPSE is a SEBI recognized Permanent Stock Exchange.

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) last year and with the Bombay Stock Exchange (BSE) February this year, MPSE has become the only regional stock exchange in India to provide independent trading platform for its members.

MPSE is 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.

Read more about Madhya Pradesh Stock Exchange:  Timeline

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