India Bars Axis Bank Unit From Managing New Debt Offerings [Yahoo! Finance]
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
Most Read from Bloomberg The Securities and Exchange Board of India alleged that the Axis Bank Ltd. unit violated rules for merchant banking and effectively acted in the domain of a debenture trustee, which is beyond its remit, according to an initial order published on its website. Axis Capital has 21 days to file objections to the order. The development comes months after SEBI barred JM Financial Ltd. from undertaking merchant banking activity in the debt segment for engaging in unfair trading practices. SEBI sought feedback from the public last month to tighten merchant banking regulations in India. The order pertained to a debt offering by technology consultancy provider Sojo Infotel Pvt. in March 2021. Axis Capital acted as the arranger. “Axis Capital provided guarantee or indemnity toward redemption of NCDs in the guise of underwriting, which it was not permitted to do under the existing regulatory framework,” SEBI member Ashwani Bhatia said in the order. (An NCD refers
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News
- Bull of the Day: Axis Capital Holdings (AXS) [Yahoo! Finance]Yahoo! Finance
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- Best Value Stocks to Buy for September 23rd [Yahoo! Finance]Yahoo! Finance
- AXIS Capital Holdings (NYSE:AXS) Has Announced A Dividend Of $0.44 [Yahoo! Finance]Yahoo! Finance
- India Bars Axis Bank Unit From Managing New Debt Offerings [Yahoo! Finance Canada]Yahoo! Finance Canada
AXS
Earnings
- 7/30/24 - Beat
AXS
Sec Filings
- 9/4/24 - Form 8-K
- 8/9/24 - Form 8-K
- 7/30/24 - Form 13F-HR
- AXS's page on the SEC website