Debt offers: Sebi bars Axis Capital

Sebi has prohibited Axis Capital from operating as a merchant banker for debt issuances and barred it from acting as an arranger or underwriter for any debt segment securities. The action follows Axis Capital’s involvement in Sojo Infotel’s non-convertible debentures offering, where it guaranteed Rs 260 crore but had to settle Rs 167 crore due to Sojo’s default.

Leave a Reply

Your email address will not be published. Required fields are marked *