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.
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,
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.
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.
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 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 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 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.
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,
Explained: What prompted SEBI to flag Axis Capital’s underwriting activity & guarantee
SEBI has flagged improver use of Axis Bank’s rating and position by Axis Capital in acting as a guarantor and taking credit ...
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.
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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 ...
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Sara Mitchell to head up Global Markets at Axis Capital
Bermudian-based Axis Capital Holdings Ltd has appointed Sara Mitchell as its future head of Global Markets. She succeeds Mark ...