Axis Max Life Fixes Record Date for Interest and Redemption of Debentures
Axis Max Life Insurance Limited (formerly known as Max Life Insurance Co. Ltd.) has set July 16, 2026, as the record date for the payment of interest and the redemption amount at par on the exercise of a call option related to its non-convertible debentures. This payment is due on August 02, 2026.The action pertains to 4,960 unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures issued by Axis Max Life. The company confirmed the details of the financial obligation relating to these instruments.
Axis Max Life Insurance Limited detailed the specifics of the debt instrument, which is scheduled for payment in August 2026. The payment includes both the annual interest and the redemption amount at par on exercising the call option.
The following table outlines the key financial details pertaining to the non-convertible debentures:
| Issuer | ISIN | Coupon Rate | Due Date | Total Payment Amount | Record Date |
|---|---|---|---|---|---|
| Axis Max Life Insurance Limited | INE511N08016 | 7.50% per annum | August 02, 2026 | INR 533.2 Crores (INR 496 crores redemption + INR 37.2 crores interest) | July 16, 2026 |
The debentures were issued under the ISIN INE511N08016.
MFSL Stock Price Movement
As of 10:26 AM, shares of Max Financial Services Limited are slipping by 0.86% in live trading, currently at ₹1595.1 after shedding ₹13.80 per share. The stock is consolidating within its intraday range of ₹1585.6 to ₹1609.4, having seen a traded volume of 124,798 shares so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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