India’s capital markets regulator is currently reviewing an exit application submitted by the Calcutta Stock Exchange (CSE), a once-prominent regional trading platform that has struggled to remain relevant in the era of electronic trading and national exchanges. The Securities and Exchange Board of India (SEBI) is examining whether the exchange meets the regulatory conditions required to discontinue operations and surrender its license. The review comes amid broader efforts to streamline India’s stock market infrastructure and phase out inactive regional exchanges.