Axis Capital On SEBI Curbs: Not Taken Any Assignment As Merchant Banker In Over A Year

Axis Capital, a subsidiary of Axis Bank, has stated that it has not taken any assignments as a merchant banker in over a year, following the Securities and Exchange Board of India's (SEBI) curbs. SEBI had imposed restrictions on Axis Capital and other entities in connection with the alleged misuse of the book-building process during initial public offerings (IPOs). Axis Capital clarified that it has been focusing on strengthening its internal processes and compliance mechanisms to address the regulatory concerns raised by SEBI. The company emphasized its commitment to maintaining the highest standards of corporate governance and regulatory compliance. Axis Capital reiterated its commitment to working closely with SEBI to resolve the issues and resume its activities as a merchant banker once the restrictions are lifted. The company also highlighted its efforts to enhance transparency and accountability in its operations, ensuring that it adheres to all regulatory requirements and maintains the trust of its stakeholders.