Calcutta Stock Exchange
Calcutta Stock Exchange (CSE) located at the Lyons Range, Kolkata, India, is the second oldest Indian government owned stock exchange in South Asia. It was founded on 1st December 1863 and ran from rented premises on No. 11 Strand Road with 16 leading share-brokers in Calcutta at that time[1]. It was reconstituted in its current form in 1908 and is the second largest bourse in India.[2] 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[3]
| CSE Logo | |
| Type | Stock Exchange |
|---|---|
| Location | Kolkata, India |
| Founded | 1st December 1863 |
| Owner | Government of India |
| Key people | Dr. Bhaskar Banerjee (Chairman) Sri Subrato Das Managing Director & Chief Executive Officer |
| Currency | Indian rupee (₹) |
| No. of listings | 2,700~ |
| Market cap | ₹140,141 crore (US$16 billion) (2009) |
| Indices | CSE 40 |
| Website | www.cse-india.com |
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History
In 1830, the bourse activities in Kolkata were conducted under a neem tree.[4] The earliest record of dealings in securities in India is the British East India Company’s loan securities. It was founded on 1st December 1863 and ran from rented premises on No. 11 Strand Road with 16 leading share-brokers in Calcutta at that time. The premises also had a library open to the public which can be accessed after paying an admission fee.[1] In 1908, the stock exchange was reconstituted in its current form and consisted of 150 members. The present building at the Lyons Range was constructed in 1928. The Calcutta Stock Exchange Ltd was granted permanent recognition by the Government of India with effect from 14 April 1980, under the relevant provisions of the Securities Contracts (Regulation) Act, 1956. The Calcutta Stock Exchange followed the open outcry system for stock trading until 1997, when it was replaced by C-STAR (CSE Screen Based Trading And Reporting), an electronic trading platform.[5] The full form of CSE is Calcutta Stock Exchange.
The Bombay Stock Exchange (BSE) has made a strategic investment in Calcutta Stock Exchange, acquiring 5% of its shares.[6]
See also
References
- ↑ 1.0 1.1 "BENGAL". Bombay Gazette. 5 December 1863. Retrieved 5 July 2021.
- ↑ CSE Factbook Archived 2006-04-19 at the Wayback Machine. Calcutta Stock Exchange Association Ltd.
- ↑ "Regional stock exchanges' business model obsolete: Sebi". The Indian Express. 17 January 2017. Retrieved 13 May 2017.
- ↑ "Lights on at Lyons Range - Bombay bourse boost for city exchange". The Telegraph. 8 November 2007. Retrieved 27 December 2008.
- ↑ Pradeep Gooptu; Namrata Achary (2 December 2008). "CSE to focus on smaller companies". Business Standard. Retrieved 27 December 2008.
- ↑ "BSE buys 5% in Calcutta Stock Exchange". Economic Times. 29 August 2007. Retrieved 27 December 2008.