DCM Axis Max Life Sub-debt
Sector: Commercial • Location: India
Source: International Finance Corporation (IFC)
The investment comprises a debt investment by IFC in the form of listed, subordinated, unsecured, redeemable INR-denominated non-convertible debentures (NCD) of INR 2.85 billion (approximately US$33 million equivalent) with a tenor of up to ten years in Axis Max Life Insurance Limited (AMLI or the Company).IFC, through its role as an anchor investor in the competitive bidding process has helped mo
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The investment comprises a debt investment by IFC in the form of listed, subordinated, unsecured, redeemable INR-denominated non-convertible debentures (NCD) of INR 2.85 billion (approximately US$33 million equivalent) with a tenor of up to ten years in Axis Max Life Insurance Limited (AMLI or the Company).IFC, through its role as an anchor investor in the competitive bidding process has helped mobilize INR 5.15 billion (approximately US$60 million equivalent) from other institutional investors. The investment will help strengthen the Company’s solvency margin and support its business growth in the largely underpenetrated life insurance market in India. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |