Calcutta Stock Exchange Unlisted Shares
Calcutta Stock Exchange (CSE) located at the Lyons Range, Kolkata, India, is the second oldest stock exchange in South Asia. It was incorporated in 1908 and is the second-largest bourse in India.
The Calcutta Stock Exchange has been asked to exit by SEBI but the matter is subjudice before Calcutta High Court while other 13 regional stock exchanges have closed in the last three years under the exit policy of SEBI, including Bangalore Stock Exchange, Hyderabad Stock Exchange, and Madras Stock Exchange.
Calcutta Stock Exchange Unlisted Shares Details:
| Total Available Shares: | Not Available |
| Face Value: | ₹ 10 Per Equity Share |
| Lot Size: | 10 Shares |
| Current Unlisted Share Price: | ₹ 1250 Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
In 2008, SEBI had come up with guidelines in respect of exit options of various regional stock exchanges. As per the guidelines, any regional bourse with an annual trading turnover in its own platform of less than Rs 1000 crore would be de-recognized by the regulator.
Further, SEBI in 2012 had also mandated every stock exchange to have its own clearing corporation or outsource the same through a recognized clearing corporation.
CSE for its own trading platform C-star had sought exemption from SEBI for transferring its clearing and settlement activities to a clearing corporation.
The exemption was not given. As a result, the trading activities of C-Star were stalled effective from April 4, 2013.