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Altico Capital and lenders to sign settlement agreement today, dues to be repaid within a week

Updated : March 02, 2021 01:38 PM IST

As part of the settlement with lenders, Hong Kong-based Ares SSG Capital will take charge of the loan assets of the company, and subsequently repay them.
The money is expected to be transferred to banks early next week, added one of the people quoted earlier.
Altico Capital has been facing a liquidity crunch for over a year and a half.
Published : March 02, 2021 12:59 PM IST

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