The 118-year-old Calcutta Stock Exchange is preparing to revive its operations through new technology and support from the government. It intends to withdraw a voluntary exit application submitted to SEBI last year.
The exchange holds sufficient capital to resume trading and reports a net worth exceeding ₹300 crore. Officials say the move will generate employment and help Kolkata regain its position as a financial center in eastern India.
Success depends on whether the platform proves commercially viable for local brokers. The initiative focuses on upgrading trading infrastructure to meet current market standards.
No specific timeline for the launch has been announced. The exchange will rely on its existing resources to support the transition.