Max Financial Services Ltd

📄 Axis Max Life Insurance allots 68,600 NCDs, raises ₹686,00,30,000

- NCDs allotted: 68,600 (face value ₹1,00,000 each)

- Total amount received: ₹686,00,30,000 (incl. ₹30,000 premium)

- Issue size (face value): ₹686,00,00,000

- Tenor: 10 years, call option after 5 years and annually

- Allotment date: Sep 28, 2026

- Allotment via NSE EBP (multiple yield basis)

- Debentures: unsecured, subordinated, rated, redeemable, taxable, non-cumulative, non-convertible

- Proposed listing on NSE