SEBI bars Axis Capital from debt merchant banking
Mansi Agarwal, Published on Sep 19th, 2024
The SEBI has barred Axis Capital from taking up new merchant banking assignments in the debt segment till further orders. The company allegedly provided unpermitted guarantees towards non-convertible debentures of Sojo Infotel in the guise of underwriting. "Such activity poses risk to the financial system as it can potentially disrupt the orderly functioning of the market," SEBI said.
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