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Mumbai: The Calcutta Stock Exchange (CSE), one of India’s oldest stock exchanges, may be celebrating its final Kali Puja and Diwali this year on October 20 as a functioning bourse.

After a long legal and regulatory battle, the exchange is close to completing its voluntary exit from the stock exchange business.

CSE, founded in 1908, once competed with the Bombay Stock Exchange and was a major part of Kolkata’s financial landscape.

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But the exchange faced a serious setback after the 2001 Ketan Parekh scam, which caused a payment crisis when many brokers failed to meet settlement obligations. This shook investor confidence and slowly pushed the exchan

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