Searched for
ALTICO CAPITAL MATTER
Few auto loans execs indulged in personal misconduct, no conflict of interest: HDFC MDAddressing his last annual general meeting after building the bank into the second largest by assets in India, and the most valued by inves...- Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq BankHDFC Bank, which had also lent money to Altico, debited about Rs 200-210 crore from its account by using a general lien, ET reported on Oct...
- It’s SSG vs Cerberus as Altico takeover reaches last lapSSG’s final offer after multiple revisions is an upfront cash payment of Rs 2,700 crore and a oneyear employment guarantee for the manageme...
- Altico's 3 bidders revise their offers yet againThe three submitted their latest offers on Friday after lenders had met last Monday to consider the earlier proposals. A key issue is wheth...
- Cerberus revises offer for Altico to counter SSG bidThe revised terms, submitted on Friday, include upfront payment of ₹2,500 crore to lenders.
- Altico lenders extend deadline, seek revised bidsLenders could not come to any conclusion among themselves after SSG Capital and the Clearwater-led management submitted separate bids.
- Kotak Investment unlikely to bid for Altico CapitalAltico is one of the latest caught up in the nation’s shadow banking crisis that started in 2018.
- Apollo, Varde pull out of race for shadow bank AlticoApollo Global and Varde Partners LP are no longer considering bidding for Altico Capital India Ltd., according to people familiar with the ...
- Rescuers sought for shadow bank Altico as crisis deepensAlitco’s bad loans spiked to 23.8 per cent of its loan book in the July-September quarter.
- Forensic auditors to now investigate Altico Cap’s booksBanks have to investigate an RFA and form an opinion on whether there’s fraud within a period of six months.
- Varde Capital proposes Rs 1,000 crore equity infusion in Altico CapitalOver a month ago, Altico Capital had presented a resolution plan to lenders.
- Part-owner Varde may invest ₹ 1k crore in Altico CapitalUS-based Varde plans to repay the lenders in full; Altico CEO Sanjeev Agrawal resigns
- Altico bond yields surge to 71% amid concernsThe bonds, bearing a coupon of 12%, yielded 71.34% in a BSE trade worth Rs 375 crore.
- Altico Capital submits resolution plan for full repayment over five yearsAltico has proposed to repay their dues in full in a staggered manner over the next five years.
- Altico and Mashreq approach RBI against HDFC BankAltico Capital had early last month said it defaulted on an interest payment to Mashreq Bank.
- Altico’s lenders rope in SBI caps, EY to work on resolution planTroubled NBFC, too, working on a turnaround plan with the help of Alvarez & Marshal.
- Altico lenders appoint SBI Cap & EY as advisorsExisting shareholders also declined to bring in further capital to support upcoming lender repayments, citing their latest infusion in Marc...
- Global funds in revival talks with Altico lendersAltico got into trouble last month after it failed to pay Rs 19.97 crore in interest payments.
- Altico Cap promoters, investors differ on fresh fund infusionIndia Ratings last week downgraded Altico Cap to "D" or default from 'A+' .
- Altico Capital extends Rs 370 crore credit line to Sheth groupThe non-banking finance company Altico Capital planned to invest Rs 5,000 crore in residential real estate projects by end of this fiscal y...
Load More
