CHENNAI, Sept 27: The Madras Stock Exchange, considered the best cash market in India with shorter settlement systems has emerged as a role model for many other exchanges, has completed 75 years of its existence.
To commemorate the Platinum Jubilee, the MSE would be celebrating the occasion in a befitting manner.
“MSE has completed 75 of years of existence and service by catering to the needs of the entrepreneurs to raise capital for industrial promotion, stock broking fraternity and providing investment opportunities to the public”, its Directors Venkataramanan, V Nagappan and Sudhakar Reddy said.
To mark the occasion, MSE would celebrating the Platinum Jubilee September 29 during which Tamil Nadu Governor Dr K Rosaiah would release a Souvenir marking 75 years of completion and launch a refurbished website of the MSE.
Tracing the history, they said MSE was the first in the southern part and the fourth stock exchange of the country, when it was officially inaugurated on September four, 1937 by Sir William Wright, a leading businessman and the then Chairman and Managing Director of Parry and Company Limited, Madras.
MSE was converted into a company, limited by guarantee, in 1957 and the Union Government granted permanent recognition to MSE on March one, 1982.
“MSE was considered as the best cash markets in India with shorter settlement systems and was a role model for many other exchanges”, he said, adding, all along it has been maintaining high standards and traditions in the conduct of business and compliance of rules and regulations framed by the regulatory authorities from time to time. (UNI)
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