trending Market Intelligence /marketintelligence/en/news-insights/trending/XvymQEJ-ebDWOpGhZ5OeHA2 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: Altico Capital files resolution plan to repay lenders over 5 years

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Report: Altico Capital files resolution plan to repay lenders over 5 years

Troubled nonbank finance company Altico Capital India Ltd. proposed to fully repay lenders' dues over the next five years as part of its resolution plan, The Economic Times reported, citing two people with the direct knowledge of the matter.

The real estate-focused company submitted the resolution plan to its lenders, including State Bank of India ,Mashreqbank, Yes Bank Ltd. and Bank of Baroda. The company plans to use funds raised from its asset divestment plan to repay some banks, and may issue upfront bonds to mutual funds such as Nippon India or UTI MF, the Oct. 17 report added.

Altico Capital has repayment liabilities of about 8 billion rupees until December, while its total outstanding debt stands at roughly 43.62 billion rupees. The banks asked the company to continue disbursing loans to running projects to maintain its cash flows, according to the report.

Altico did not respond to a request for comment, while lenders to the company could not be reached immediately for comment, the publication added.

As of Oct. 16, US$1 was equivalent to 71.41 Indian rupees.