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{{Use Indian English, date=May 2018 The ''Royal Charter'' of 27 March 1668 was an agreement between the Kingdom of England and the
English East India Company The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Sout ...
. It led to the transfer of
Bombay Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the '' de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the sec ...
from Charles II of England to the
English East India Company The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Sout ...
for an annual rent of £10 (equivalent retail price index of £1,226 in 2007).


References

*https://books.google.com/books?id=vXhCAAAAIAAJ&printsec=titlepage&client=firefox-a#PPA55,M1 55 History of Mumbai