Altico Capital

Hong Kong-based Ares SSG Funds completes acquisition of Altico Capital

This is the first resolution of a stressed NBFC outside India's insolvency and bankruptcy process

Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall

New Vernon's investment panel casts a cloud over Värde's earlier investments

UTI Mutual Fund receives payment of over Rs 12 cr from Altico Capital

Certain UTI Mutual Fund schemes had invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019

Kotak Investment Advisors unlikely to bid for Altico Capital India

Real-estate focused Altico's restructuring and sale process comes as the broader shadow-bank crisis drags on, hurting the property sector and the economy

UTI Mutual Fund receives payments of Rs 20.5 cr from Altico Capital India

Certain UTI Mutual Fund schemes invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019

Lenders call for bids to rescue shadow bank Altico as crisis deepens

Alitco's bad loans spiked to 23.8% of its loan book in the July-September quarter, adding to concerns of recovery for the lenders

Bad loans spike at Altico Capital India amid restructuring plan pushback

Some creditors to Altico Capital India Ltd., which focuses on real estate lending, are concerned that the absence of fresh equity in the proposal fails to address a dramatic surge in bad loans

Loan repayment case: Altico Capital, AU Small Finance Bank reach settlement

Altico, a lender focused on real estate finance, had availed of a term loan of Rs 62 crore from the bank which AU SFB recalled earlier

Investors struggle to cut losses as shadow banking crisis deepens

Trading in NBFC bonds slid to a five-month low of about Rs 75,520 in the secondary market in September, the lowest since April

Apollo Global in talks to acquire Altico; lenders to take a call on Oct 11

Apollo, for now, has offered $150 million equivalent as primary equity for Altico

Can a land bank be the solution to India's huge shadow bank crisis?

India's banks are rapidly losing faith in the shadow financiers that lend to property builders

IL&FS debacle, slump in real estate led to default, says Altico Capital

Management has sought signing of ICA by lenders to restructure liabilities

Altico Capital's chief executive officer Sanjay Grewal quits amid crisis

No replacement for Grewal has been found yet

MF schemes exposed to Altico see 1-8% dip in NAVs after rating downgrade

After corporate entity is downgraded to 'D', fund houses need to take at least 75% markdown

Lenders to troubled real estate financier Altico Capital begin debt recast

The company is diversifying its portfolio, both in terms of sectors and ticket size

Liquidity woes plaguing Altico Capital pose new risks for MF investors

In an exchange note, Altico said it may have trouble making future repayments

NBFC crisis: Now, DHFL, Altico Capital default on bond repayments

The default by DHFL is towards principal and interest on non-convertible debentures worth Rs 350 crore issued by it, DHFL said in a regulatory filing

Altico Capital invests Rs 6.5 billion in Mumbai warehousing company

The deal includes Rs 500-mn co-investment from Asia-focused private equity fund and Altico's founding shareholder Clearwater Capital (now Fiera Capital)

Altico Capital to raise property fund this year

Altico Capital, a non-banking financial company, wants to raise multiple tranches of money for a real estate private equity fund from both domestic and international investors this year.Altico has been promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners. It does structured debt deals and competes with the likes of HDFC and LIC Housing Finance, beside NBFCs run by Piramal, KKR and Edelweiss, among others, in lending to property developers. "We have applied for an AIF (alternative investment fund) licence from Sebi (the markets regulator). We are looking to raise funds from investors in the first half of this year," said Sanjay Grewal, chief executive officer. They aim, he said, to appoint distributors in the next couple of weeks."We plan to raise a multiple series of small to medium sized corpus for the real estate fund," he added.Piramal Fund Management, a competitor, has stopped raising third-party funds and is looking to focus on proprietory book funding .

Altico Capital to allocate 15 to 20 per cent funds to commercial realty

Altico has executed trades of close to Rs 3,300 crore and disbursed Rs 2800 crore in 2016