Announced Wed, 8 Jul · 10:26 IST
Axis Max Life fixes record date for NCD interest and redemption payment
Regulatory & Legal View source PDF
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹1602.00
prior close
₹1594.90
base price
In-mkt
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AI summary
Axis Max Life Insurance, the material subsidiary of Max Financial Services, has fixed July 16, 2026 as the record date for payment of interest and principal on its NCDs (ISIN INE511N08016) due August 2, 2026. Total outflow is INR 533.2 Crores: INR 496 Crores principal redemption plus INR 37.2 Crores annual interest at 7.50 percent coupon. Debentures are being redeemed at par on exercise of call option by the issuer.
Likely market impact
Routine debt servicing by material subsidiary. INR 533.2 Cr payment on Aug 2, 2026. Call option at par indicates comfortable liquidity at Axis Max Life.