Altico Capital is latest NBFC to default on debt repayment & add to India’s credit crisis

The Print | Sep 13, 2019 at 3:47 AM
  • Another shadow financier in India has defaulted on a debt repayment, signaling the nation’s yearlong credit crisis is far from abating.
  • Altico’s default puts a spotlight on India’s property sector.
  • Altico’s shareholders include Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners.