Altico Capital’s financial stress first came to light in September when it defaulted on interest payments on an external commercial borrowi...

Banks have to investigate an RFA and form an opinion on whether there’s fraud within a period of six months.

Troubled NBFC, too, working on a turnaround plan with the help of Alvarez & Marshal.

Existing shareholders also declined to bring in further capital to support upcoming lender repayments, citing their latest infusion in Marc...

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 E...

India Ratings last week downgraded Altico Cap to "D" or default from 'A+' .

The NBFC also asked them to refrain from taking any action that will worsen the ongoing cash crunch citing gains in asset value.

Banks' exposure to Altico, which owes over Rs 4,500 crore to the credit market, is fairly modest.

The default by Altico has resulted in concerns over the wider implications.

Another series of bonds worth Rs 30 crore is scheduled to mature late December.

Altico has bonds worth a total Rs 1,808 crore that will mature between now and May 2022, India Ratings data showed.

Schemes with securities of troubled NBFC have to mark down value of holdings.

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...

UTI MF and Reliance Nippon AMC segregated co’s papers to protect NAVs of debt schemes.

India Ratings cut the creditworthiness of foreign private equity-backed Altico Capital to ‘IND A+’.

On September 3, India Ratings and Research downgraded Altico Capital India Limited's Long-Term Issuer Rating to 'IND A+' from 'IND AA-.

The default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it.