Calcutta Stock Exchange

With Sebi reviewing its voluntary exit application, the 117-year-old Calcutta Stock Exchange is preparing for its final Diwali as a bourse before transforming into a holding firm

Buoyed by positive indications from the market regulator, the Calcutta Stock Exchange (CSE) hopes on making a comeback as the third equity exchange of the country by March-April 2024, a senior official said on Sunday. The Securities and Exchange Board of India (SEBI) barred the CSE from trading on its platform in April 2013 due to regulatory and compliance issues. "We will come back as the third equity bourse of the country soon. There is positive feedback. We have to adhere to some measures, which will be done by January," CSE chief general manager Dhiraj Chakraborty told PTI. "We hope to resume as an independent exchange again by March-April with new technology, which will be the best in the industry," he said. Currently, the CSE is surviving by providing its members with facilities to trade on the NSE platform. "With the approval of SEBI and subject to the decision of the Calcutta High Court, CSE expects to resume its trading and settlement functions on its own platform in the

The CSE meets the criteria for the formation of the clearing corporation in terms of net worth

Close to 20 RSEs have gone for voluntary exit, including big exchanges of Delhi, Chennai, Bengaluru

Board of regional bourse to meet shortly for deciding next move; says small firms will be hit if it's made to go