The exchange was inaugurated on August 27, 1982, by then finance minister Pranab Mukherjee. For the past several years, no trading had taken place on this platform. Companies listed on the UPSE were also listed on other exchanges, to comply with the statutory requirements.
On November 3, UPSE Managing Director B K Nadhani had notified its listed companies to file for voluntary delisting or opt for direct listing elsewhere within 30 days.
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"Similar fate awaits most other regional stock exchanges, barring probably the Calcutta Stock Exchange," UPSE Brokers' Association President Sushil Kumar Kanodia told Business Standard.
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