In today’s briefing:
- Is Axis Capital an Investment Bank or a Hedge Fund?
Is Axis Capital an Investment Bank or a Hedge Fund?
- Axis Capital is a 100% subsidiary of Axis Bank Ltd (AXSB IN) and one of its businesses is structured finance
- The Sojo Infotel is a high-risk transaction undertaken by Axis Capital which was underwritten by the company with the implicit support of the bank as per the credit rating agency
- When the transaction was done it was 50% of Axis Capital’s equity and default risk is high as the redemption date is on March 25, 2024
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