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ALTICO CAPTIAL
Alvarez & Marsal threatens to sue Altico Capital over fees, might thwart resolution planA&M’s contract with Altico was terminated more than a year ago in February 2020 as lenders blamed it on a wrong advice in defaulting a palt...- 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.
- Altico and Mashreq approach RBI against HDFC BankAltico Capital had early last month said it defaulted on an interest payment to Mashreq Bank.
- Altico Cap promoters, investors differ on fresh fund infusionIndia Ratings last week downgraded Altico Cap to "D" or default from 'A+' .
- Altico cap has bond repayment of Rs 95 crore due in two weeksAnother series of bonds worth Rs 30 crore is scheduled to mature late December.
- Altico Capital: Sachin Bansal, Reliance Mutual Fund face defaults on outstanding debtAltico has bonds worth a total Rs 1,808 crore that will mature between now and May 2022, India Ratings data showed.
- Altico defaults on interest payment, raises concernIndia Ratings cut the creditworthiness of foreign private equity-backed Altico Capital to ‘IND A+’.
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