New Delhi : The Calcutta Stock Exchange (CSE) may just have celebrated its final Kali Puja and Diwali amid reports of closure following years of legal and financial struggles in the wake of the Rs 120-crore Ketan Parekh market manipulation scam of 2001.
The CSE, one of India’s oldest bourses, is moving towards a voluntary exit and reports indicated it was gearing up to “celebrate its last Kali Puja and Diwali on 20 October as a functioning exchange”.
CSE in a statement, however, denied a PTI report quoting its chairman saying this Diwali was the last for the bourse and asserted that he had not talked to the media “in the matter of CSE Diwali and sale of land of CSE”. Show Full Article
Nonetheless, the exchange, where trading stopped long ago in April 2013, is on the verge of completi