India: Real estate lender Altico in talks with Cerberus, Apollo to sell stake

India: Real estate lender Altico in talks with Cerberus, Apollo to sell stake

Real estate-focused lender Altico Capital India Ltd, which defaulted on interest payments, is in talks with private equity funds, including Apollo Global Management and Cerberus Capital, for a stake sale, according to two people aware of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter