Loan & Debt1 Jul 2026, 12:35 pm
Max Financial Services Ltd: Axis Max Life to Redeem ₹496 Cr Debentures
AI Summary
Max Financial Services Ltd, through its subsidiary Axis Max Life, has announced the exercise of a call option to fully redeem unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures worth ₹496 crores. The redemption, including the final annual interest, is scheduled for August 2, 2026. This action aligns with the terms of the issue as per the Information Memorandum and Debenture Trust Deed, and is in compliance with SEBI regulations.
Key Highlights
- Axis Max Life will redeem ₹496 crore of NCDs.
- Redemption date is set for August 2, 2026.
- Call option exercised as per issue terms.
- Interest and principal to be repaid in full.
- Action complies with SEBI LODR and NCS Regulations.
Price Impact
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