Loan & Debt4 Aug 2026, 11:43 am
Max Financial Services: Axis Max Life Redeems ₹496 Cr NCDs
AI Summary
Max Financial Services Ltd, through its subsidiary Axis Max Life, has confirmed the timely redemption of Non-Convertible Debentures (NCDs) with ISIN INE511N08016. The company made a full redemption of ₹496 Crores, along with an interest payment of ₹37.2 Crores. This redemption was executed at par following the exercise of a call option, ahead of the original maturity date of August 2, 2031. The payments were made on July 31, 2026, as the due date fell on a Sunday. This action aligns with SEBI regulations and the terms of the debenture issue.
Key Highlights
- Axis Max Life completed full redemption of ₹496 Cr NCDs.
- Interest payment of ₹37.2 Cr was also made on due date.
- Redemption was exercised via call option, ahead of maturity.
- Payments were made on July 31, 2026, due to weekend due date.
- Transaction complies with SEBI LODR and NCS Regulations.
Price Impact
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