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Bombay Shipping and Iron Shipping Companies
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Bombay Shipping and Iron Shipping Companies was established in 1863 to make merchants in Mumbai, India (also known as Bombay) independent of the English.
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The company was created at a time when the cotton trade was undergoing such a turbulent time, therefore businessmen were looking to banking and stockbroking as a way to make their fortune. The shipping firm was thus bought up by shareholders, and the shares of the company increased in value by 200%.[1]
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