Part-owner Varde may invest ₹ 1k crore in Altico Capital
US-based Varde plans to repay the lenders in full; Altico CEO Sanjeev Agrawal resigns
Varde Capital proposes Rs 1,000 crore equity infusion in Altico Capital
Over a month ago, Altico Capital had presented a resolution plan to l...
Altico bond yields surge to 71% amid concerns
The bonds, bearing a coupon of 12%, yielded 71.34% in a BSE trade worth Rs 375 crore.
Every 'torpedo' fired hit us: YES Bank on stressed loans
You cannot foresee such issues where stress gets created suddenly, says Ravneet Gill.
Global funds dump company bonds as credit worries persist
Overseas funds pulled Rs 2,640 crore in October, making it the 7th straight month of outflow.
Altico and Mashreq approach RBI against HDFC Bank
Altico Capital had early last month said it defaulted on an interest payment to Mashreq Bank.
Altico Capital submits resolution plan for full repayment over five years
Altico has proposed to repay their dues in full in a staggered manner over the next five years.
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.
Rescue plan: Altico may offer to sell its assets
Altico’s asset sales could immediately fetch at least Rs 2,000 crore, market sources said.
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 payments.
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.
View: Grab what you can in India’s bad loan melee
As everyone from the govt sleuths to the courts are joining the melee, the chaos will hurt recovery.
Banks now wary of lending to office realty developers
Lenders have become selective in choosing projects. They have added extra layers of security by seeking additional documents and collateral as well as reviewing existing limit both on fund and nonfund based lines of credit.
Altico crisis: HDFC Bank's Aditya Puri defends en-cashing FD
Altico, which owes over Rs 4,500 crore to the system, had defaulted on an interest payment of around Rs 20 crore earlier this month to an ECB raised through the UAE lender Masherq Bank.
DHFL and Altico default on bond repayments
The default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it.
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