India's oldest stock exchange, Calcutta Stock Exchange, is closing after 117 years, following SEBI approval for its voluntary exit.

The Calcutta Stock Exchange, India’s oldest bourse founded in 1908, is set to close after 117 years, potentially marking its final Diwali and Kali Puja as an operating exchange. Trading was suspended in 2013 by SEBI over regulatory issues following a major financial scandal. After years of legal efforts, CSE shareholders approved a voluntary exit in April 2025, and the exchange has applied to SEBI for formal closure. Once approved, CSE will become a holding company, with its subsidiary CSE Capital Markets continuing as a broker on NSE and BSE. SEBI has approved the sale of CSE’s EM Bypass property to the Srijan Group for Rs 253 crore. The exchange implemented a Voluntary Retirement Scheme, paying Rs 20.95 crore in one-time settlements and saving about Rs 10 crore annually. At its peak, CSE listed 1,749 companies and had 650 trading members.