Altico Capital India Ltd, a non-banking financial company that focuses on the real estate sector, has defaulted on its debt as it plunged deeper into a liquidity crisis that has plagued NBFCs for the past year. The Mumbai-based company failed to make an interest payment of Rs 19.97 crore to the ......
PE-backed lender Altico Capital defaults on debt; chairperson quits
By Beena Parmar
- 12 Sep 2019