The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.
Prestige Estates among top 3 real estate stock picks by Axis Securities for FY26
Axis Securities stays bullish on real estate for FY26, citing strong booking growth, resilient demand, and robust project pipelines. Top picks include Prestige Estates, SignatureGlobal,