July 31, 2014 11:59 PM ET

Diversified Financial Services

Company Overview of The Calcutta Stock Exchange Association Ltd.

Company Overview

The Calcutta Stock Exchange Association, Ltd. operates as a stock exchange in India. It also offers an online trading system. The Calcutta Stock Exchange Association was founded in 1908 and is based in Kolkata, India.

7 Lyons Range

Kolkata,  700 001

India

Founded in 1908

Phone:

91 2210 4470 4477

Key Executives for The Calcutta Stock Exchange Association Ltd.

Managing Director
Chief Financial Officer
Deputy General Manager of Accounts
Secretary
Age: 58
Company Secretary
Compensation as of Fiscal Year 2014.

The Calcutta Stock Exchange Association Ltd. Key Developments

CSE Reportedly Seeks To Sell Land In Kolkata

The Calcutta Stock Exchange Association Ltd. (CSE) is planning to sell three acres of prime land on the eastern commercial corridor of Kolkata. CSE has hired property consultant Jones Lang LaSalle for the sale of the asset. According to sources in the real estate circle, CSE is likely to get INR 300 crore from the sale. The proceeds would be used to improve CSE's net worth and fund the proposed investment in a clearing corporation and a subsidiary.

CSE Planning to Acquire Clearing Corporation

The Calcutta Stock Exchange Association Ltd. (CSE) is planning to acquire a clearing corporation. With the Securities Exchange Board of India (SEBI) threatening to close CSE, efforts are being made to revive it. Sources indicated that CSE is also keen to acquire a stake in a clearing corporation in order to stay afloat. After forging tie-ups with, Madhya Pradesh Stock Exchange Ltd., OTC Exchange of India (OTCEI), Ludhiana Stock Exchange Limited, to take over their operations, CSE has proposed tie-ups with Uttar Pradesh Stock Exchange Association Limited and Jaipur Stock Exchange Limited. CSE's Managing Director and Chief Executive, B Madhav Reddy said, “We have partnered four regional exchanges. We proposed tie-ups with UP and Jaipur stock exchanges. The MoUs are finalized and the two exchanges are awaiting their respective board approvals.”

LSE To Consolidate With CSE

Ludhiana Stock Exchange Limited (LSE) has expressed interest in consolidation with The Calcutta Stock Exchange Association Ltd. (CSE). B Madhav Reddy, Managing Director and Chief Executive of CSE, said, "We recently received communiqué from the Ludhiana Stock Exchange, that they are interested for consolidation with CSE. They have asked for certain concessions, which we are looking into." Also V P Gaur, Chairman of Ludhiana Stock Exchange, said, "Securities and Exchange Board of India does not feel that regional stock exchangess should exist, so we either have to voluntarily shut down or look for consolidation. CSE is the only regional stock exchanges to meet the Sebi criteria. So, we have sought a consolidation. However, this is not a final decision, as we have sought some clarifications from CSE."

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