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ALTICO DEFAULT
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 set to surrender NBFC license as restructuring nears climaxAs a part of the plan which is awaiting the RBI's nod, SSG will pay Rs 3,200 crore to banks at about a 50% haircut to the Rs 6,000 crore de...
- UTI Mutual Fund gets Rs 20.50 crore from Altico CapitalUTI Credit Risk Fund had an exposure of about Rs 200 crore in debt security of Altico Capital.
- Altico Capital defaults on Rs 138 crore debt repaymentAltico Capital’s financial stress first came to light in September when it defaulted on interest payments on an external commercial borrowi...
- 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.
- 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...
- Altico crisis: HDFC Bank's Aditya Puri defends en-cashing FDAltico, 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 E...
- Altico Cap promoters, investors differ on fresh fund infusionIndia Ratings last week downgraded Altico Cap to "D" or default from 'A+' .
- Altico Capital seeks more time from lenders to devise debt planThe NBFC also asked them to refrain from taking any action that will worsen the ongoing cash crunch citing gains in asset value.
- Realtors' rising cash-crunch poses more risks to banksBanks' exposure to Altico, which owes over Rs 4,500 crore to the credit market, is fairly modest.
- SBI chief slams 'selfish' private sector bank for Altico crisisThe default by Altico has resulted in concerns over the wider implications.
- 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 default will hit debt mutual fundsSchemes with securities of troubled NBFC have to mark down value of holdings.
- 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...
- Altico default sends mutual funds, banks scurrying for coverUTI MF and Reliance Nippon AMC segregated co’s papers to protect NAVs of debt schemes.
- Altico defaults on interest payment, raises concernIndia Ratings cut the creditworthiness of foreign private equity-backed Altico Capital to ‘IND A+’.
- Debt mutual fund schemes of Reliance, UTI MF holding Altico Capital could see a sharp dip in NAVsOn September 3, India Ratings and Research downgraded Altico Capital India Limited's Long-Term Issuer Rating to 'IND A+' from 'IND AA-.
- DHFL and Altico default on bond repaymentsThe default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it.
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