Axis Capital barred from debt market by SEBI in major crackdown
The Securities and Exchange Board of India (SEBI) has handed down a heavy blow to Axis Capital Limited, banning the firm from offering merchant banking services in the debt market. This unprecedented move comes as SEBI investigates the company’s questionable involvement in a transaction involving Non-Convertible Debentures (NCDs) issued by Sojo Infotel Pvt. Ltd. The […]