US-based Varde plans to repay the lenders in full; Altico CEO Sanjeev Agrawal resigns

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...

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

Reliance Mutual Fund has an exposure of around Rs 205 crore to Altico Capital’s securities.

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

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

KKR India Asset Finance filed a caveat petition earlier this month.

Current chairman Robert Petty is stepping down while continuing to remain on the board as non-executive director

The funds being raised would be used to support Altico's robust asset pipeline across its focus areas.

The non-banking finance company Altico Capital planned to invest Rs 5,000 crore in residential real estate projects by end of this fiscal y...

In this respect, Altico intends to strategically place itself in the growth corridor by investing in a mix of advanced brownfield projects ...

KUL Ecoloch is a mid-income project with total saleable area of over 3 million sq ft. Phase 1 of the project is partially delivered, while ...

Altico Capital has invested Rs 200 crore in Legacy Group’s portfolio of total 14 projects spread over 4 million sq ft across north and cent...

Non-banking financial firm Altico Capital India today said its board has approved raising funds worth Rs 2,000 crore through various routes...

Non-banking financial company Altico Capital India has appointed former HSBC India chairperson Naina Lal Kidwai as an independent non-execu...

The project spread over 10 acre will have around 1 million sq ft of area. It is being developed under a joint development agreement and wil...