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Altico Capital’s Lenders Begin Looking For New Lifeboats: Exclusive
As foreign funds back out, Altico Capital’s lenders look at alternatives.
31 Oct 2019, 10:58 PM IST
Lenders to real estate financier Altico Capital India Ltd. are looking at alternative restructuring options after talks with foreign funds such as Apollo Global Management LLC and Cerberus Capital Management LP fell through, according to two people with direct knowledge of the discussions.The value being offered by these two foreign funds was too low for the banks to move ahead with the talks, the people said on condition of anonymit...
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