Clearwater-Backed Altico Says Yearlong Cash Woes Caused Default
A customer counts Indian one-hundred rupee banknotes (Photographer: Dhiraj Singh/Bloomberg)

Clearwater-Backed Altico Says Yearlong Cash Woes Caused Default

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(Bloomberg) -- Beleaguered Altico Capital India Ltd. said a prolonged cash squeeze for India’s shadow lenders and property developers after the collapse of IL&FS Group last year led to its default.
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