Foreign Fund-Backed NBFC Altico Capital Defaults On Borrowings
A man walks past reinforcing steel and concrete columns at the construction site of a wholesale market developed by Vishvaraj Infrastructure Ltd. in Nagpur, India. (Photographer: Dhiraj Singh/Bloomberg)

Foreign Fund-Backed NBFC Altico Capital Defaults On Borrowings

Altico Capital India Ltd., a non-banking finance company backed by a set of marquee global investors, has defaulted on interest payment to Dubai-based Mashreqbank PSC.An interest payment of Rs 19.9...
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