Altico announces to sell assets as a rescue plan

According to a latest report, Altico Capital will be offering its lenders a resolution plan. With regards to the plan, sale of some of its biggest loan assets such as Casa Grande in Chennai, Marvel in Pune and Skylark in Bengaluru is anticipated.

Furthermore, the reports also allege, along with the sale, equity from alternative set of investors will also take place. In addition, Altico will also tell its lenders that the financed ass....