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Sebi drops proceedings against Max Financial, Axis Bank in Max Life deal case - The Economic Times
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.
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Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses - The Economic Times
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SEBI Drops Proceedings Against Max Financial, Axis Entities Over ₹3,911.95 Crore Shareholder Loss Allegations
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Sebi drops fraud, disclosure charges in Max-Axis Bank case | Stock Market News
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