Do you Know ! It all started under a banyan tree !, Asia’s oldest stock exchange BSE turns 150 !
Vihar Vaishnav: The BSE's journey began two decades earlier in 1855 when traders would meet under a banyan tree to buy and sell cotton.With time, the number of traders kept increasing at this place and due to the arrival of a large number of traders, the Native Share and Stock Brokers Association was established on July 9, 1875, which later became BSE.
BSE was established three years before the existing Tokyo Stock Exchange of Japan. Due to this, BSE is also called the oldest stock exchange of Asia.
One of the main founders of BSE was Premchand Roychand, known as the 'Cotton King' of Bombay.According to reports, initially the number of members of the Native Share and Stock Brokers Association was 318. Its entry fee was one rupee.Also, according to reports, the existing land for BSE w...