Sebi bars Axis Capital
Axis Bank clarifies SEBI ruling on ACL applies only to new merchant assignments
Axis Bank clarified that SEBI's order restricting Axis Capital from taking on new merchant banking assignments in the debt segment will not impact other operations. The private lender reassured that all other business activities continue as usual.
Axis Capital to explore legal remedies against Sebi's ban on debt segment business
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 for the debt segment. In a statement,
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.
Sebi bars Axis Capital from acting as investment banker in debt market until further orders
In an interim order issued on September 19, the Securities and Exchange Board of India (Sebi) has also asked ACL to reply within 21 days to the observations made in the order.
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.
Axis Bank clarifies after SEBI restrains Axis Capital from taking up new biz as merchant banker
SEBI says in the matter of listed NCDs of Sojo Infotel, Axis Capital provided a guarantee or indemnity towards their redemption in the guise of underwriting
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 bans Axis Capital from managing debt issues
Sebi restrains Axis Capital for unauthorized underwriting, posing financial system risk; ACL's credit guarantee for NCDs questioned.
Sebi order on Axis Capital: Axis Bank says complied with regulatory norms
In an exchange filing, the bank added that there had been no loss to any investor or market participant from ACL’s activities. In an interim order on Thursday, Sebi restrained Axis Capital from taking any new assignments as a merchant banker,
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Axis Capital barred from new debt issues by Securities and Exchange Board of India
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Sara Mitchell to head up Global Markets at Axis Capital
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