Key Corporate Action
Axis Max Life Insurance Limited has fixed July 16, 2026 as the record date for payment of interest and redemption amount at par on exercise of call option for its debentures.
Financial Details
- Total Payment Amount: ₹533.2 Crores
- Redemption Amount: ₹496 Crores
- Interest Amount: ₹37.2 Crores
- Due Date for Payment: August 2, 2026
Instrument Specifications
- Instrument Type: Unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures
- Coupon Rate: 7.50% per annum
- Number of Debentures: 4,960
Submission Details
- Axis Max Life's original disclosure to NSE: July 7, 2026 at 18:31 hrs IST
- Max Financial Services' filing to exchanges: July 8, 2026
- Signed by Siddhi Suneja, Company Secretary & Compliance Officer of Max Financial Services Limited
Corporate History Note
Axis Max Life Insurance Limited was formerly known as Max Life Insurance Co. Ltd.