The Securities and Exchange Board of India (Sebi) has disposed of proceedings against Max Financial Services, Max Life Insurance and entities associated with the Axis Group in a case involving an alleged ₹3,911.95 crore loss to Max Financial shareholders.
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While the latest package includes a sizeable number of Chinese and Hong Kong entities, Washington has so far avoided sanctioning major Chinese financial institutions, limiting the immediate risk of a broader disruption to US-China financial relations.