https://indianpedia.org/index.php?action=history&feed=atom&title=Bangalore_Stock_ExchangeBangalore Stock Exchange - Revision history2026-07-31T11:35:58ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Bangalore_Stock_Exchange&diff=187000&oldid=prev>Titodutta at 12:53, 2 October 20212021-10-02T12:53:07Z<p></p>
<p><b>New page</b></p><div>{{Short description|Former stock exchange based in Bangalore, india}}<br />
{{Use dmy dates|date=April 2018}}<br />
{{Use Indian English|date=April 2018}}<br />
'''Bangalore Stock Exchange''' ('''BgSE'''), was a public [[stock exchange]] based in [[Bangalore]], [[India]] fully owned by [[Government of India]].<ref>{{cite web|url=http://www.thehindu.com/news/national/karnataka/bangalore-stock-exchange-to-shut-down-operations-soon/article5125435.ece |title=Bangalore Stock Exchange to shut down operations soon |publisher=The Hindu |date= |accessdate=2017-11-26}}</ref><ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/Sebi-permits-Bangalore-Stock-Exchange-to-exit-from-stock-markets/articleshow/45651844.cms |title=Sebi permits Bangalore Stock Exchange to exit from stock markets |publisher=Timesofindia.indiatimes.com |date= |accessdate=2017-11-26}}</ref> It was founded in 1963 and had 595 [[regional]] and non-regional companies listed. In September 2005, the BgSE announced plans to go [[public ownership|public]] by divesting at least 51% of its ownership. The stock exchange was managed by a Council of Management, consisting of members appointed by the [[Securities and Exchange Board of India]]. It was the first stock exchange in South India to start electronic trading of securities in 1996.<br />
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To keep pace with the fast changing technology and financial system, the Exchange went online in 1996. The Exchange had came a long way since the launch of BEST (Bangalore Electronic Securities Trading), its online trading system on 29 July 1996.<br />
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The Exchange had 241 members serving the diverse needs of investors. The corporate members constitute more than 25% of the total membership of the Exchange. Members operate within the overall framework of policies and practices developed over a period of time by the Exchange. As on 7 Jan 2014, 330 companies were listed on the Exchange.<ref>{{Cite web |url=http://www.bgse.co.in/Listings.aspx?pagename=Securities |title=Archived copy |access-date=7 January 2014 |archive-url=https://web.archive.org/web/20140107115443/http://www.bgse.co.in/Listings.aspx?pagename=Securities |archive-date=7 January 2014 |url-status=dead |df=dmy-all }}</ref><br />
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In December 2008, [[Securities and Exchange Board of India|SEBI]] had issued guidelines and laid down the framework for exit by stock exchanges. As per SEBI norms, a stock exchange, whose annual trading turnover on its platform was less than Rs 1,000 crore, can apply for voluntary surrender of recognition and exit, while a bourse which fails to achieve a turnover of Rs 1,000 crore, would be subject to compulsory exit process.<br />
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The shareholders of BgSE in its annual general body meeting held on 21 September 2013 passed the resolution to apply to SEBI for exiting as a stock exchange through voluntary surrender of recognition. Following this, BgSE had made a request to SEBI for its exit as stock exchange on 8 October 2013.<br />
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SEBI on 26 December 2014 permitted BgSE to exit from the bourse business.<ref>{{Cite news|url=https://www.business-standard.com/article/markets/sebi-permits-bangalore-stock-exchange-to-exit-114122601128_1.html|title=Sebi permits Bangalore Stock Exchange to exit|agency=Press Trust of India|date=2014-12-26|work=Business Standard India|access-date=2019-09-13}}</ref><br />
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== See also ==<br />
* [[List of stock exchanges in the Commonwealth of Nations]]<br />
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== References ==<br />
{{Reflist}}<br />
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==External links==<br />
* {{Official website|http://www.bgse.co.in/}}<br />
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{{Financial services in India}}<br />
{{Stock exchanges in India}}<br />
{{Authority control}}<br />
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[[Category:Economy of Bangalore]]<br />
[[Category:Former stock exchanges in India]]<br />
[[Category:1963 establishments in Mysore State]]<br />
[[Category:Financial services companies established in 1963]]</div>>Titodutta