Part-owner Varde may invest ₹ 1k crore in Altico Capital
US-based Varde plans to repay the lenders in full; Altico CEO Sanjeev Agrawal resigns
Varde Capital proposes Rs 1,000 crore equity infusion in Altico Capital
Over a month ago, Altico Capital had presented a resolution plan to l...
Altico and Mashreq approach RBI against HDFC Bank
Altico Capital had early last month said it defaulted on an interest payment to Mashreq Ban...
Altico’s lenders rope in SBI caps, EY to work on resolution plan
Troubled NBFC, too, working on a turnaround plan with the help of Alvarez & Marshal.
Altico crisis: HDFC Bank's Aditya Puri defends en-cashing FD
Altico, which owes over Rs 4,500 crore to the system, had defaulted on an interest payment of around Rs 20 crore earlier this month to an ECB raised through the UAE lender Masherq Bank.
Global funds in revival talks with Altico lenders
Altico got into trouble last month after it failed to pay Rs 19.97 crore in interest payments.
View: A bank’s race against crisis puts India on warning
Yes bank had a Rs 450 crore exposure to Altico, the third-highest after Mashreq and HDFC Bank Ltd.
Altico seeks HC shield from being called 'Defaulter'
Altico is believed to have breached a covenant that could allow AU to move the deposit to itself against the loan of Rs 64 crore, people in the know said.
Rating firms downgrade Altico Capital's credit rating to junk
India Ratings has downgraded the lender's long-term issuer rating to ‘D’ from ‘A+’ and short-term issuer rating to ‘D’ from ‘A1’.
Altico defaults on interest payment, raises concern
India Ratings cut the creditworthiness of foreign private equity-backed Altico Capital to ‘IND A+’.
PNB awaits SBI resolution plan on Jet Airways
The state-owned lender has not granted any new credit to the airline.
Altico bond yields surge to 71% amid concerns
The bonds, bearing a coupon of 12%, yielded 71.34% in a BSE trade worth Rs 375 crore.
SBI chief slams 'selfish' private sector bank for Altico crisis
The default by Altico has resulted in concerns over the wider implications.
Altico default sends mutual funds, banks scurrying for cover
UTI MF and Reliance Nippon AMC segregated co’s papers to protect NAVs of debt schemes.
Altico Capital submits resolution plan for full repayment over five years
Altico has proposed to repay their dues in full in a staggered manner over the next five years.
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