Sebi drops proceedings against Max Financial, Axis Bank in Max Life deal case
Sebi dropped proceedings against Max Financial and Axis entities.
Allegations of disclosure lapses and fraud were not established by the regulator.
The case involved transactions between Max Financial, Max Life, and Axis Bank.
Sebi found no evidence of a fraudulent scheme to defraud shareholders.
Proceedings were based on investigations from FY10 to FY22.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
