The Ahmedabad Stock Exchange (ASE) is the second oldest exchange of India located in the city of Ahmedabad in the Western part of the country and is fully owned by Government of India. It is recognised by Securities Contract (Regulations) Act, 1956 as permanent stock exchange. Its logo consists of the Swastika, which is one of the most auspicious symbols of Hinduism depicting wealth and prosperity.
In April 2018, the SEBI permitted the Ahmedabad stock exchange to exit the stock exchange business. Under the agreement, ASE will cease its activities and change its name to remove the phrase "stock exchange" from it.[1]
^"SEBI permits Ahmedabad stock exchange to exit bourse biz". Economic Times. 24 April 2018. Retrieved 24 April 2018.
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