West Bengal Chief Minister Buddhadeb Bhattacharjee, considering the stock exchange an important component of the State’s industrial development, stressed on the need to revive the Calcutta Stock Exchange (CSE).

The chief minister also released a book “Down Lyons Range ” after inaugurating the centenary celebrations of the CSE. Lyons Range is where the heritage building of the  

Mr. Bhattacharjee said that the State was emphasising on the manufacturing sector and these companies needed help from the CSE and banks for their further growth.

He said an effort was made to contact all stakeholders to help revive the bourse with the joint initiative of the State government and the departments of industry and commerce and industrial relations.

He mentioned the names including Birla companies such as Kesoram and Texmaco, Patton, and Emami which helped revive the exchange along with the Bombay Stock Exchange.

CSE got into problems due to many reasons, including payment and settlement issues. But it successfully completed its divestment process.  
New shareholders such as Kesoram Industries, Texmaco, Patton Industries, Emami, and State government’s outfits like the West Bengal Infrastructure Development Corporation and the Bombay Stock Exchange now hold 52 per cent of the equity in CSE.
Many overseas outfits are now keen to acquire a stake in the CSE.