trending Market Intelligence /marketintelligence/en/news-insights/trending/Q5tChHeXVHpwlqxsocNx-A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: India's Altico Capital may sell assets in resolution plan

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Report: India's Altico Capital may sell assets in resolution plan

Troubled real estate-focused nonbank finance company Altico Capital India Ltd. may sell some of its biggest loan assets to bring in at least 20 billion Indian rupees, The Economic Times reported Oct. 14, citing two people aware of these plans.

Altico may also offer to bring in equity from a new set of investors. Altico is likely to present the asset sale and the equity proposal to its lenders this week as part of a resolution plan.

Altico had defaulted on interest payments in September. It has total outstanding debt of about 43.62 billion rupees, according to the report.

The asset sales could involve some of the company's biggest loan assets, which include upscale mixed-use projects. Altico is likely to tell its lenders that the orderly unwinding of its assets could help banks recover their advances in full.

Altico did not respond to the publication's inquiries.

As of Oct. 14, US$1 was equivalent to 71.25 Indian rupees.