Axis Max Life, a subsidiary of Max Financial Services, has allotted debentures worth ₹800.00 Crore on September 24, 2025. The debentures, with a face value of ₹1,00,000 each, were issued to identified investors via private placement. This follows previous disclosures regarding the company’s capital raising plans through debenture issuances, enhancing its financial strength and supporting future growth initiatives.
Debenture Allotment Details
On September 24, 2025, the Executive Committee of Axis Max Life approved the allotment of 80,000 debentures, each with a face value of ₹1,00,000, totaling ₹800.00 Crore. These debentures were offered to identified investors through a private placement.
Financial Details
The company received ₹800.12 Crore, which includes a premium of ₹12.50 Lakh, via bidding on the NSE electronic platform. The issue size was ₹800.00 Crore (face value).
Listing and Regulatory Compliance
Axis Max Life is seeking to list these debentures on the National Stock Exchange of India Limited, pending final approval. The issuance adheres to regulatory guidelines, strengthening Axis Max Life’s capital base for future operations and potential expansion.
Background
This allotment follows prior announcements made on February 4, 2025, and February 18, 2025, regarding the Board of Directors’ approval for Axis Max Life to raise capital of ₹1300.00 Crore through debentures. The company had previously allotted 50,000 debentures on February 18, 2025, each with a face value of ₹1,00,000, aggregating to ₹500.00 Crore.
Source: BSE
