Calcutta Stock Exchange Seeks Voluntary Exit: A Regulatory Insight
The Calcutta Stock Exchange is seeking a voluntary exit from the stock exchange business. SEBI, the market regulator, is reviewing this application, having appointed a valuation agency and established a Working Group for asset and liability verification. The exit process awaits further information and SEBI's speaking order.
- Country:
- India
The Calcutta Stock Exchange's request for a voluntary exit from its business operations is currently under review by the Securities and Exchange Board of India (SEBI).
Minister of State for Finance, Pankaj Chaudhary, confirmed that SEBI has set up a Working Group and hired a valuation agency to assess the exchange's assets and liabilities.
The SEBI's detailed examination will lead to a 'speaking order' for CSE's exit, pending specific data from the exchange and considerations regarding its listed companies and regulatory relaxations.
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