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.
Warburg Pincus may acquire a majority stake in Nuvama Wealth Management as PAG looks to sell its 54% holding, valued at $1.6 billion. JPMorgan and
Vishal Mega Mart promoter Samayat Services sold 90 crore shares worth ₹10,220 crore via block deals. SBI MF, HDFC MF, and Kotak MF acquired over
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