Axis Max Life Pays Interest and Redemption Amount to Debenture Holders
Axis Max Life Insurance Limited has made payments of the Interest and Redemption Amount to the holders of its debentures. The remittance was completed on July 31, 2026, as the originally due date fell on a non-business day.The payment covered debentures bearing ISIN INE511N08016. Axis Max Life confirmed the remittance of the Interest and Redemption Amount to the debenture holders at 18:26 hrs IST on July 31, 2026. The company determined payments based on a record date set for July 16, 2026.
The interest and redemption payment was due on August 2, 2026, but the company proceeded with the disbursement on July 31, 2026, in accordance with the terms of issue, the debenture trust deed, and applicable requirements. All payments were conducted via RTGS.
Details of the disbursements to various beneficiaries are provided below:
| Payment Type | Value Date | Amount (Rs.) | Currency |
|---|---|---|---|
| RTGS | 31/07/2026 | 5,329,150,000 | INR |
The total amount paid to the debenture holders amounted to Rs 5,329,150,000. The payments were made across multiple transactions benefiting various entities including JP Morgan India Private Ltd Employ, SEAFARERS WELFARE FUND SOCIETY, and several NPS Trust accounts.
MFSL Stock Price Movement
Max Financial Services Limited’s shares on Friday slipped by 0.25%, closing at ₹1499 after shedding ₹3.80 from the previous close. The stock saw a traded volume of 516,369 shares during the session.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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