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This article provides information about the closure of the Calcutta Stock Exchange (CSE) and its historical significance in India’s financial market.
The Calcutta Stock Exchange (CSE), one of the oldest stock exchanges in India, is set to close permanently after Diwali in 2025. This exchange was established in 1908 and has played a significant role in the financial landscape of India.
The decision to shut down comes after getting approval from the Securities and Exchange Board of India (SEBI). The CSE will voluntarily exit market operations due to ongoing losses and limited business prospects.
As part of this process, CSE will sell three acres of land in Kolkata to the Srijan Group for Rs 253 crore. Additionally, the exchange has introduced a Voluntary Retirement Scheme