UP Stock Exchange explained

UP Stock Exchange
Type:Stock Exchange
City:VIP Road, Kanpur
Country:INDIA
Foundation:27 August 1982
Key People:Dr. G.H.Singhania (Founder)

UP Stock Exchange (UPSE) is a Kanpur-based stock exchange.[1] It occupied a prominent place among the Stock Exchanges in India. The Exchange was inaugurated on 27 August 1982 by the then Finance Minister Pranab Mukherjee. It played an important role in the development of the capital market of North India. Initially, it had only 350 members which grew up to 540.

UPSE is the only stock exchange in Uttar Pradesh and the membership is not restricted to the people of Uttar Pradesh only. Members living outside Kanpur has contributed a lot by creating the equity cult in whole of the Uttar Pradesh.

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Notes and References

  1. News: UP Stock Exchange starts winding up process. Business Standard India. 7 November 2014. Rawat. Virendra Singh.