Story thread · 2 reports / 2 sources

Calcutta exchange’s unlisted shares double on revival hopes

economictimes.indiatimes.com · 11dShare

Shares of the Calcutta Stock Exchange Ltd. or CSE, have more than doubled on the unlisted market in the past three months as efforts to revive the long-dormant bourse gather momentum.CSE shares are trading at about 2,100 rupees, up from near 900 rupees in early June, when transactions were sporadic after years of inactivity, according to Dharawat Securities. UnlistedZone, another platform that facilitates transactions in unlisted shares, quoted CSE at 2,175 rupees.Interest picked up after Swapan Dasgupta, the new finance minister of West Bengal, said on June 25 that the government was working toward reviving the exchange in the state capital. The rally gained further momentum after CSE outlined a broader strategy in its annual report released Aug. 19. The exchange’s board decided to approach the Securities and Exchange Board of India to request that its February 2025 application for a voluntary exit be put on hold, according to the report.“Demand remains strong,” said Hitesh Dharawat o

First report: Calcutta Exchange’s Unlisted Shares Double on Revival Hopes — bloomberg.com, 11d