Sebi bars Axis Capital
Indiatimes · 1d
Sebi bars Axis Capital from debt merchant banking activities until further orders
The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.
Moneylife · 1d
Axis Capital Barred by SEBI from Taking New Assignments as Merchant Banker
As an interim measure pending investigation, market regulator Securities and Exchange Board of India (SEBI) has restrained Axis Capital Ltd (ACL) from taking up new assignments as a merchant banker, arranger or underwriter of any issue till further order.
Business Standard · 23h
Sebi order on Axis Capital: Axis Bank says complied with regulatory norms
“Sebi has not passed any adverse direction or order against Axis Bank Limited. Axis Bank is of the view that there is no material impact on the bank on account of the interim order against ACL, since ACL’s profit after tax (PAT) for FY24 was approximately 0.70 per cent of Axis Bank’s consolidated profit after tax,” the bank noted.
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