Calcutta Stock Exchange seeks to put exit application on hold

The Calcutta Stock Exchange has written to Sebi seeking to keep its exit application in abeyance, following the West Bengal government's budget announcement of a state-backed revival plan. The West Bengal government has written to the Centre on the proposed revival, though the exchange still faces significant regulatory, technological and commercial hurdles before it can resume full-fledged operations. Sebi conducted a valuation of CSE's assets in March but is yet to decide on the exit application, which was originally filed after years of legal wrangling.