Kolkata’s century-old Calcutta Stock Exchange (CSE), once a proud symbol of the city’s financial heritage, may be celebrating its last Kali Puja and Diwali this year as a functioning exchange. After over a decade of suspended trading, regulatory hurdles and courtroom battles, the exchange is now reportedly on the brink of a voluntary exit from its 117-year-old stock exchange licence, marking the end of one of India’s oldest market institutions. Founded in 1908 on China Bazar Street, CSE was India’s second recognised bourse after the Bombay Stock Exchange (BSE). It once rivalled the BSE in trade volume and investor activity, representing eastern India’s economic aspirations. However, the Rs120-crore Ketan Parekh-linked scam triggered a major payment crisis at the exchange, leading to

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