Calcutta trade’s unlisted shares double on revival hopes
CSE shares are buying and selling at about 2,100 rupees, up from close to 900 rupees in early June, when transactions had been sporadic after years of inactivity, in line with Dharawat Securities. UnlistedZone, one other platform that facilitates transactions in unlisted shares, quoted CSE at 2,175 rupees.
Curiosity picked up after Swapan Dasgupta, the brand new finance minister of West Bengal, mentioned on June 25 that the federal government was working towards reviving the trade within the state capital. The rally gained additional momentum after CSE outlined a broader technique in its annual report launched Aug. 19. The trade’s board determined to strategy the Securities and Trade Board of India to request that its February 2025 utility for a voluntary exit be placed on maintain, in line with the report.
“Demand stays robust,” mentioned Hitesh Dharawat of Dharawat Securities, which offers in unlisted shares. The shares “have surged because the West Bengal authorities signaled plans to revive the trade.”
CSE mentioned in its annual report that it sees alternatives throughout bond markets, fairness derivatives, currencies, commodities, carbon buying and selling and mutual funds, whereas additionally creating choices for small and medium-sized enterprises. CSE had 1,507 firms listed and about 500 registered stockbrokers as of March 2026, although there was no lively buying and selling on the trade, the report confirmed.
The renewed curiosity comes because the Nationwide Inventory Trade of India prepares for its long-awaited preliminary public providing, placing a highlight on India’s trade business.
Traders have beforehand piled into unlisted shares of one other Indian bourse on expectations of a turnaround. Metropolitan Inventory Trade of India attracted investments from corporations together with Billionbrains Storage Ventures Ltd., the dad or mum of on-line brokerage Groww, and Zerodha’s Rainmatter Investments as a part of a revival effort, native media reported.MSEI’s unlisted shares surged about 5-fold between December 2024 and January 2025 earlier than shedding about half their worth since then, in line with UnlistedZone. The trade has but to determine a major presence in India’s fairness buying and selling market.
Any CSE revival would require regulatory approvals and probably anchor buyers that meet capital-adequacy and “match and correct” necessities, in line with the annual report.
A consultant for CSE didn’t reply to requests for remark.
