Magadh Stock Exchange Association (MSEA) was established in the year 1986 at Patna. MESA was registered under the Companies Act, 1956 as a company limited by guarantee.
Within four years, i.e. by 1999-2000, the exchange had a total of 199 brokers, out of which 15 were corporate brokers. Among 199 brokers, it was further classified as 183 proprietor brokers, 1 partnership broker and 5 corporate brokers. Then, there were only 2 sub-brokers registered.
The company was corporatised and demutualised on September, 2005 in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956.
Magadh Stock Exchange signed a memorandum of understanding with the Calcutta Stock Exchange which enables MSE to provide online CSEs trading facility to its brokers in Patna.
Magadh Stock Exchange Office
Ashiana Plaza
9th Floor, Budh Marg
Patna 800 001
India
