Announced Wed, 1 Jul · 12:37 IST
Axis Max Life to redeem 496 crore debentures on August 2, 2026
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AI summary
Axis Max Life Insurance, material subsidiary of Max Financial Services, will fully redeem 4,960 unsecured subordinated debentures worth INR 496 crore on August 2, 2026 by exercising the call option. The debentures carry a 7.50% coupon, were issued on August 2, 2021, and have ISIN INE511N08016. Record date is July 16, 2026. Final redemption amount along with interest will be paid on July 31, 2026.
Likely market impact
Routine pre-scheduled debt redemption at the end of the 5-year call option period. No material impact on shareholders.