Sebi bars Axis Capital from taking new debt merchant banking assignments

Sebi has restricted Axis Capital from taking on new assignments as a merchant banker for debt securities. This decision comes after it was found that Axis Capital provided unauthorized guarantees for Sojo Infotel's Non-Convertible Debentures, posing credit risks. Sebi aims to ensure market stability and regulatory adherence.

Sep 19, 2024 - 21:30

Sebi bars Axis Capital from taking new debt merchant banking assignments

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Sebi has restricted Axis Capital from taking on new assignments as a merchant banker for debt securities. This decision comes after it was found that Axis Capital provided unauthorized guarantees for Sojo Infotel's Non-Convertible Debentures, posing credit risks. Sebi aims to ensure market stability and regulatory adherence.