Watch: Sheikh Hamdan visits Bombay Stock Exchange, rings iconic opening bell
Watch video here:
Established in 1875, the BSE is Asia's oldest stock exchange and is one of the largest stock exchange in the world. There are more than 5,500 companies publicly listed on the stock exchange.
Dubai entrepreneur Siddharth Balachandran, executive chairman and CEO of Buimerc Corporation Ltd in DIFC, is the largest individual shareholder of the BSE, holding around 3.46 per cent of the institution. The businessman, who also holds 0.35 per cent of National Stock Exchange of India Ltd (NSEIL), said exciting times were ahead for UAE-India partnership.
'The sounding of the legendary bell of the iconic Bombay Stock Exchange was truly a symbol of how strong the economic and strategic relationship between the two great nations of the UAE and India with India offering unparalleled volume and the UAE offering unparalleled dynamism,' he told Khaleej Times. 'It signalled the end of the visit of Sheikh Hamdan but also manifested the start of a great new era in bilateral relations between UAE and India.'
Sheikh Hamdan arrived in India for his first official visit on Tuesday. During the two-day trip, he will hold talks with senior Indian officials to explore opportunities for enhancing bilateral cooperation and strengthening partnerships across various strategic sectors.
In 2016, Sheikh Mohamed bin Zayed Al Nahyan- then the UAE Crown Prince- conducted a similar visit to the BSE. Afterwards, he toured the stock exchange and posed for a photo in front of the bull.
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