Tag: Altico

IL&FS, DHFL, Cox & Kings and now Altico, why raters keep missing big defaults

Mounting debt failures in India have been catching rating companies off guard, underscoring continued challenges a year after the landmark failure of shadow bank IL&FS increased scrutiny of the industry. Defaults at companies including Dewan Housing Finance Corp., Cox & Kings Ltd. and Altico Capital India Ltd. have occurred even as their long-term ratings indicated […]

Sachin Bansal, Reliance MF, other investors of Altico face defaults on Rs 95 crore debt

MUMBAI: Nonbank lender Altico Capital’s bond investors, including Flipkart cofounder Sachin Bansal and Reliance Mutual Fund, face immediate defaults on two series of outstanding debt coming up for repayment in the next two weeks–about Rs 95 crore all told is due on September 26 and 29. Altico has bonds worth a total Rs 1,808 crore […]

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