Mangalore Stock Exchange

Mangalore Stock Exchange

The Mangalore stock exchange Limited (MgSE), is located in Mangalore, Karnataka, India. It was incorporated on 31st of July, 1984 as a public limited company. The Exchange was recognised by the Central Government for an initial period of 5 years on 9 September 1985 under section 4 of the Securities Contracts (Regulation) Act, 1956 and later on the period of recognition was extended by one year, from 9 September 1990 to 8 September 1991. The last recognition was valid up to September 8, 2003. On August 31, 2004, SEBI decided to derecognize the Mangalore Stock Exchange. [1]

Chief Minister S.M. Krishna laid the foundation stone for the new building of the Mangalore Stock Exchage (MgSE) at Kulur on Sept 28, 2001. The MgSE has been granted 3 acres (12,000 m2) of land by the state government.

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