Sebi bars Axis Capital
Axis Bank clarifies Sebi order on ACL limited to taking up new assignments, other activities unaffected
In an interim order issued on September 19, Sebi has asked ACL to reply within 21 days to the observations made in the order.
Sebi Bars Axis Capital From Debt Merchant Banking Over Regulatory Violations
The Securities and Exchange Board of India (Sebi) has temporarily barred Axis Capital Limited (ACL) from debt merchant banking activities. Sebi's investigation revealed ACL provided an unauthorized guarantee for non-convertible debentures (NCDs),
Sebi bars Axis Capital from taking new debt merchant banking assignments
After an inspection by the regulator, it was found that Axis Capital had provided guarantees for the redemption of NCDs of Sojo Infotel Pvt. Ltd, which is not permitted for merchant bankers.
Sebi's action on Axis Capital: Research Analyst's article tipped off the regulator about "high-risk transaction"
According to the regulator's order, a January 2024 article by RA Hemindra Kishen Hazari was the first to flag concerns on this issue
SEBI bars Axis Capital as merchant banker, arranger, underwriter in debt market
The Securities and Exchange Board of India (SEBI) has restrained Axis Capital (ACL), a wholly-owned subsidiary of Axis Bank, from taking any new assignment as a merchant banker, arranger, or underwriter in the debt segment for alleged violations of norms,
SEBI Restrains Axis Capital from New Assignments Amid Alleged Norm Violations
The Securities and Exchange Board of India has prohibited Axis Capital, a subsidiary of Axis Bank, from taking new assignments as a merchant banker or underwriter in the debt segment due to alleged regulatory violations,
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.
India markets regulator bars Axis Capital from acting as banker for new debt issues
India's markets regulator on Thursday barred investment bank Axis Capital from acting as a merchant banker for new debt issues for allegedly violating rules, according to an interim order on the regulator's website.
India Bars Axis Bank Unit From Managing New Debt Offerings
India’s capital market regulator has barred Axis Capital Ltd. from acting as a manager for new offerings of debt by Indian companies, the latest crackdown in the country’s securities market.
Debt offers: Sebi bars Axis Capital
Sebi has prohibited Axis Capital from operating as a merchant banker for debt issuances and barred it from acting as an arranger or underwriter for any debt segment securities. The action follows Axis Capital’s involvement in Sojo Infotel’s non-convertible debentures offering,
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