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In November , some leading bankers and brokers formed the share and stock Brokers Association. Gulab Mohammed, the Finance Minister , formed a committee for the purpose of constituting rules and regulations of the Stock Exchange. Sri Purushothamdas Thakurdas, president and founding member of the Hyderabad Stock Exchange performed the opening ceremony of the exchange on November 14, under Hyderabad Companies Act. Kamal Yar Jung Bahadur was the first president of the exchange.
All deliveries were completed every Monday or the next working day. In view of substantial growth in trading activities, and for the yeoman services rendered by the exchange, the exchange was bestowed with permanent recognition with effect from 29 September The Hyderabad Stock Exchange Ltd.
It moved to Aiyangar Plaza , Bank Street in Corporatisation and Demutualisation Scheme, on August 29, The number of members of the Exchange was 55 in , in and increased to with listed companies having paid up capital of Rs.
The business turnover also substantially increased to Rs. The Exchange had a very smooth settlement system. From Wikipedia, the free encyclopedia.
Retrieved 26 February Stock exchanges in India. Retrieved from " https: Economy of Hyderabad, India Former stock exchanges in India.