VERIFIEDET Markets·25 Aug 2026neutral

Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses

AI Summary

·Sebi has dropped a Rs 3,912 crore probe against Max Financial and its associates.
·Allegations of disclosure lapses and a fraudulent scheme were not proven by the market regulator.
·Sebi found no evidence of a fraudulent scheme benefiting Axis entities in its investigation.