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Altico Capital presents draft resolution plan to its lenders

Updated : October 17, 2019 02:18 PM IST

Altico Capital proposed to repay the lenders the entire dues of more than Rs 4,300 crore over a span of five years, sources said.
Altico Capital owes over Rs 4,300 crore to 27 lenders led by IFC, Yes Bank, State Bank of India, Bank of Baroda, UTI MF and Reliance MF among others. 
The proposal presented by Altico Capital is at a draft stage and would have to be independently verified and studied by the lenders before any agreement can be reached.

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