Mumbai (Bombay) Stock Exchange
is the oldest in Asia (established in 1875). It is older than even the
Tokyo Stock Exchange which was established in 1878.
Did you know?
J.P. Morgan, Morgan
Standard Chartered, HSBC,
American Express are among the foreign financial giants
operating in India.
oldest and first stock exchange: Mumbai
(Bombay) Stock Exchange. Established in 1875. More than
6,000 stocks listed.
number of stock exchanges in India: 22
are in: Ahmedabad, Bangalore, Calcutta, Chennai, Delhi etc.
is also a National
Stock Exchange (NSE) which is located in Mumbai.
is also an Over The Counter Exchange of India (OTCEI) which allows
listing of small and medium sized companies.
regulatory agency which oversees the functioning of stock markets
is the Securities and Exchange Board of India (SEBI), which is also
located in Bombay. SEBI's website location is at http://www.sebi.gov.in
but you need a password to access it.
(Bombay) Stock Exchange
Phiroze Jeejeebhoy Tower,
5th Floor, Dalal Street,
Bombay 400 023
Tel.: 91-22-265-5861, 2265-5581
Click here to visit website
Stock Exchange Towers,
No 51 1st Cross,
J C Road,
Tel: (91-80) 2995233 / 5225
to visit their website
Towers "A" Wing, 1st Floor,
Tel : 022-4960525, 4932555.
Fax : 022-4935631
here to e-mail them
Click here to visit their website
for Foreign Investors in Indian Stockmarkets
Foreign companies are now permitted to have a majority stake in their
Indian affiliates except in a few restricted industries. In certain
specific industries, foreigners can even have holding up to 100 per
Investment through Stock Exchanges
Foreign Institutional Investors (FII) upon registration with the Securities
and Exchange Board of India (SEBI) and the Reserve
Bank of India (RBI) are allowed to operate in Indian stock
exchanges subject to the guidelines issued for the purpose by SEBI.
requirements under the guidelines
Portfolio investment in primary or secondary markets will be subject
to a ceiling of 30 per cent of issued share capital for the total holding
of all registered FII's. In any one company an FII holding is subject
to a ceiling of 10 percent of the total issued capital.
in applying the ceiling of 30 per cent, the following are excluded:
investment under a financial collaboration which is permitted up
to 51 per cent in all priority areas.
by FII's through offshore single/regional funds, GDR's and euro
Disinvestment is allowed through a broker of a Stock Exchange.
A registered FII is required to buy or sell only for delivery. It is
not allowed to offset a deal. It is also not allowed to sell short.
Investment in Euro Issues/Mutual Funds floated overseas
Foreign investors can invest in Euro issues of Indian companies and
in India-specific funds floated abroad.
brokers upon registration with the SEBI are now allowed to route the
business of registered FIIs. Guidelines for the purpose have been issued
Asset Management Companies / Merchant Banking
Foreign participation in Asset Management Companies and Merchant Banking
Companies is permitted.
report on foreign investment in financial sector