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

By Beena Parmar

  • 12 Sep 2019
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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 ......

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