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 […]
Adani Enterprises Limited, the flagship company of the Adani Group, has announced the early closure of its public issuance of ₹800 crore in secured non-convertible debentures (NCDs). Initially scheduled to close on September 17, 2024, the issue will now close on September 6, 2024. This decision was approved by the company’s Management Committee of the […]
