UTI Credit Risk Fund had an exposure of about Rs 200 crore in debt security of Altico Capital.

Apollo Global and Varde Partners LP are no longer considering bidding for Altico Capital India Ltd., according to people familiar with the ...

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.

Over a month ago, Altico Capital had presented a resolution plan to lenders.

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

Altico has proposed to repay their dues in full in a staggered manner over the next five years.

Altico’s asset sales could immediately fetch at least Rs 2,000 crore, market sources said.

Altico Capital had early last month said it defaulted on an interest payment to Mashreq Bank.

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 got into trouble last month after it failed to pay Rs 19.97 crore in interest payments.

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.

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

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...

India Ratings has downgraded the lender's long-term issuer rating to ‘D’ from ‘A+’ and short-term issuer rating to ‘D’ from ‘A1’.