Delhi Stock Exchange (DSE) was a stock exchange located inNew Delhi.[1]
It was incorporated on 25 June 1947 and was allowed to exit business bySEBI in January 2017.[2]
The exchange is an amalgamation of Delhi Stock and Share Brokers' Association Limited and the Delhi Stocks and Shares Exchange Limited.[3] It was India's fifth exchange and was one of the premier stock exchanges in India.
The Delhi Stock Exchange was well connected to 50 cities with terminals inNorth India and had over 3,000 listed companies. It had received the market regulator's permission fromBSE and had become a member. It used to facilitate the DSE members to trade on the BSE terminals. The exchange was also considered the same fromNSE.
Delhi Stock Exchange has paired up with theNational Securities Depository Limited (NSDL), and commenced trading in dematerialised shares. This started September, 1988. However, the option for delivering shares either in physical or demat form started in November 1998.[citation needed] DSE initialised its Rs. 1.25 billion Trade Guarantee Fund on 27 July 1998. TGF guarantees all the transactions of the DSE interse through thestock exchange. If a member fails to honour the settlement commitment, TGF undertakes to fulfil the commitment and complete all the settlement without disruption.[citation needed]
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