India markets regulator bars Axis Capital from acting
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.
Axis Bank on SEBI order against subsidiary: ‘Only for new merchant assignments, other biz ops unaffected’
Axis Bank clarified that the SEBI order against its subsidiary, Axis Capital, would not affect the private lender's regular business operations.
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),
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,
Axis Bank clarifies SEBI ruling on ACL applies only to new merchant assignments
Axis Bank clarified on Friday, September 20, that the temporary restrictions placed on its wholly-owned subsidiary, Axis Capital, by the Securities and Exchange Board of India (SEBI) would not affect the bank's core business operations.
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,
Axis Bank shares in focus amid SEBI order on Axis Capital; key details
Shares of Axis Bank Ltd are be in focus on Friday morning after the private lender said SEBI has issued an interim order against its wholly-owned subsidiary Axis Capital, restraining it from taking up any new assignments in the capacity of a merchant banker,
SEBI bars Axis Capital as banker for new debt issues
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. The interim order is applicable immediately till further order.
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