SEBI has disposed of proceedings against Max Financial Services, Max Life, and Axis Group entities over an alleged ₹3,911 crore shareholder loss, with the markets regulator finding that disclosure lapses and a fraudulent scheme were not established.

Sebi dropped proceedings against Max Financial and Axis entities. Allegations of disclosure lapses and fraud were not established by the regulator. The case involved…

Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max…