facebook-page-view
Advertisement

PE-backed lender Altico Capital defaults on debt; chairperson quits

By Beena Parmar

  • 12 Sep 2019
Premium
PE-backed lender Altico Capital defaults on debt; chairperson quits
Credit: 123RF.com

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 ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement