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.
9th Floor, Budh Marg
Patna 800 001