India markets regulator bars Axis Capital from acting as banker …
WEB2 days ago · 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 ...
Sebi bars Axis Capital from debt merchant banking activities until ...
WEB2 days ago · The market regulator on Thursday pronounced the order following an inspection of ACL, which was done after a January 16, 2024, news report titled 'Is Axis Capital an Investment Bank or a Hedge Fund?' highlighted certain concerns related to a "high risk transaction undertaken by Axis Capital Limited (ACL)".
Explained: What prompted SEBI to flag Axis Capital’s underwriting ...
WEB1 day ago · SEBI’s interim order, dated September 19, prohibits Axis Capital from taking up new assignments as a merchant banker for debt securities. According to the regulator, back in March 2021, Axis Capital provided a repayment guarantee to non-convertible debentures (NCDs)—a type of bonds—worth Rs 260 crore issued by Sojo Infotel, a holding company floated by the majority shareholders of phone ...
Axis Capital to explore legal remedies against Sebi's ban on debt ...
WEB2 days ago · Axis Capital is exploring legal options against Sebi's order restricting it from new assignments as a merchant banker for the debt segment. The company clarified that all other business activities will continue as usual, and the debt segment accounted for only 5% of its revenue in FY 2023-24. Axis Capital on Friday said it is exploring legal ...
Sebi bars Axis Capital from acting as investment banker in debt …
WEB2 days ago · The market regulator has restrained Axis Capital (ACL) from undertaking any new assignments in the capacity of merchant banker, arranger or underwriter for any issue of securities in the debt ...
Sebi order on Axis Capital: Axis Bank says complied with …
WEB1 day ago · “Sebi has not passed any adverse direction or order against Axis Bank. Axis Bank is of the view that there is no material impact on the bank on account of the interim order against ACL. This is because ACL’s profit after tax (PAT) for FY24 was 0.70 per cent of Axis Bank’s consolidated PAT,” the bank added.
SEBI bars Axis Capital as banker for new debt issues
WEB2 days ago · The Securities and Exchange Board of India (SEBI) on Thursday barred Axis Capital Limited (ACL) from acting as merchant banker, arranger or underwriter for any new debt issues.
Axis Bank clarifies after SEBI restrains Axis Capital from taking up ...
WEB1 day ago · Axis Bank clarified on Friday after capital markets regulator SEBI issued an interim order against its wholly owned subsidiary Axis Capital Ltd (ACL), saying its unit complied with all regulatory provisions. The capital markets regulator on September 19, 2024, in its order pertaining to the non-convertible debentures issued by Sojo Infotel ...
Sebi bars Axis Capital from acting as debt merchant banker till
WEB2 days ago · The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital Ltd (ACL) from taking up new assignments as a debt merchant banker till further orders. The Sebi's interim ...
Axis Capital to explore legal remedies against Sebi's ban on debt ...
WEB1 day ago · Follow Us : New Delhi: Axis Capital on Friday said it is exploring legal remedies against markets regulator Sebi's order restraining the firm from taking up new assignments as a merchant banker ...
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