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Sebi bars Axis Capital
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 Taking New Debt Merchant Banking Assignments
SEBI has barred Axis Capital from taking new assignments as a merchant banker for debt securities after it was found providing unauthorised guarantees for the redemption of Sojo Infotel's NCDs, exceeding its regulatory limits.
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,
Sebi bars Axis Capital from acting as debt merchant banker till further orders
Sebi initiated action into Axis Capital after publication of a report titled ‘Is Axis Capital an Investment Bank or a Hedge Fund?’ authored by a research analyst.
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.
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'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 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.
SEBI Bars Axis Capital From Debt Merchant Banking
SEBI observed that the investment banking unit of Axis Bank Ltd. provided guarantees for non-convertible debentures, disguised as underwriting, which is not permitted.
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,
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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 ...
devdiscourse
2d
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 ...
2d
on MSN
SEBI Allows Mutual Funds To Buy, Sell Credit Default Swaps
Markets regulator Sebi on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at ...
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