The historic Calcutta Stock Exchange, founded in 1908, is set to celebrate its final Kali Puja and Diwali as it prepares to exit the stock exchange business. SEBI approval, land sale, and employee VRS mark the winding-up process.

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.

But the exchange faced a serious setback after the 2001 Ketan Parekh scam, which caused a payment crisis when many brokers failed

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