Max Financial Services Limited — Important, 18-02-2025: Updates

An Executive Committee appointed by Axis Max Life Insurance Limited has allotted 50,000 unsecured, subordinated, listed non-convertible debentures, each with a face value of Rs. 1,00,000, on a private placement basis to identified investors. The total amount raised amounts to Rs. 500.20 crore, including a premium of Rs. 20.12 lakh. The debentures, totaling an issue size of Rs. 500 crore, will be listed on the National Stock Exchange upon final approval. With a tenure of 10 years maturing on February 18, 2035, these instruments carry a coupon rate of 8.34% per annum, with interest paid annually. The issuance opens new funding avenues for the company, positively impacting its capital structure while providing investors with a predictable return profile amid stable corporate governance.