In the matter of listed NCDs of Sojo Infotel, SEBI says Axis Capital provided a guarantee or indemnity towards redemption of NCDs in the guise of underwriting
In 2021 Axis Bank-Max Life deal, IRDAI says Max Life facilitated transactions of transfer of its shares between parties in violation of its rules, which allowed Axis entities to make “undue profits”.
IRDAI says Max Life Insurance facilitated transactions of transfer of its shares between the parties in violation of its directives, which allowed Axis entities to make undue profits.
