SEARCHED FOR:ABU DHABI INVESTMENT COUNCIL
Altico’s lenders rope in SBI caps, EY to work on resolution plan
Troubled NBFC, too, working on a turnaround plan with the help of Alvarez & Marshal.
Global funds in revival talks with Altico lenders
Altico got into trouble last month after it failed to pay Rs 19.97 crore in interest paymen...
SBI chief slams 'selfish' private sector bank for Altico crisis
The default by Altico has resulted in concerns over the wider implications.
Altico defaults on interest payment, raises concern
India Ratings cut the creditworthiness of foreign private equity-backed Altico Capital to ‘IND A+’.
Altico Capital exits Phoenix Group's IT-SEZ project in Hyderabad
Developer prepays Rs 250 crore loan it had raised from Altico
Altico Capital invests Rs 100 crore more in Pune realtor Pharande
NBFC has so far granted Rs 600 crore towards projects of the developer
Naina Lal Kidwai appointed Altico Cap’s independent chairperson
Current chairman Robert Petty is stepping down while continuing to remain on the board as non-executive director
Altico Capital invests Rs 1,250 crore in 5 realty deals
Of these markets, Altico has invested Rs 500 crore through two deals with Hyderabad-based Phoenix Group for construction and development of IT SEZ projects.
Altico expects to lend Rs 3,000 crore in H2: CEO Sanjay Grewal
Altico's loan book of Rs 4,371 crore as of September end is diversified across seven cities with last-mile financing forming close to 50% of its portfolio.
Kumar Urban raises Rs 300 crore from Altico Capital
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 phase 2 and 3 are currently under construction.
NBFC Altico Capital names Sanjay Grewal as its new chief executive
The new CEO’s responsibilities will include, developing and executing on the vision and strategy for the organization and business in India.
Relaxed sovereign fund rules will benefit only Singapore govt
The Singapore government, which runs sovereign funds Temasek Holdings and the Government of Singapore Investment Corporation or GIC, will be the sole beneficiary of a recent relaxation in takeover rules for sovereign funds, said a person familiar with the Sebi board’s decision.
Rating firms downgrade Altico Capital's credit rating to junk
India Ratings has downgraded the lender's long-term issuer rating to ‘D’ from ‘A+’ and short-term issuer rating to ‘D’ from ‘A1’.
Altico Cap promoters, investors differ on fresh fund infusion
India Ratings last week downgraded Altico Cap to "D" or default from 'A+' .
Altico lenders appoint SBI Cap & EY as advisors
Existing shareholders also declined to bring in further capital to support upcoming lender repayments, citing their latest infusion in March.