Max Financial Services Limited (MFSL) has announced updates regarding its material subsidiary, Axis Max Life Insurance Limited. Axis Max Life has fixed July 16, 2026, as the record date for the payment of interest and redemption amount at par on the exercise of a call option. This pertains to 4,960 unsecured, subordinated, listed, rated, redeemable, non-cumulative, taxable, non-convertible debentures with a face value of ₹533.2 Crores. The debentures, carrying a coupon rate of 7.50% per annum, are due for payment of both annual interest and redemption amount on August 2, 2026. The total amount of ₹533.2 Crores comprises ₹496 Crores for redemption and ₹37.2 Crores for interest. The company has submitted the necessary details to the National Stock Exchange of India Limited (NSE) in accordance with SEBI regulations.
