Announced Wed, 8 Jul · 10:23 IST
Axis Max Life sets record date for NCD interest and redemption
Business Updates View source PDF
MFSL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹1602.00
prior close
₹1596.90
base price
In-mkt
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AI summary
Max Financial Services' subsidiary Axis Max Life Insurance has fixed July 16, 2026 as the record date for interest payment and redemption at par of 4,960 subordinated non-convertible debentures (ISIN INE511N08016) carrying 7.50% annual coupon. About Rs 533.2 crore (Rs 496 crore principal plus Rs 37.2 crore interest) is due on August 2, 2026, on exercise of call option.
Likely market impact
Routine debt servicing by subsidiary on schedule; limited direct impact on equity shareholders.