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A wholly owned subsidiary and the investment banking arm of State Bank of India
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Sell Side Advisory

Altico Capital India Limited

First first ever resolution of an NBFC outside the IBC process

2021

Deal Highlights

Debt resolution through acquisition by Ares SSG, unanimously declared as successful resolution applicant by 100% financial creditors.

Deal Specifics

Debt Size INR 4,121.40 crores
Recovery ~72% of debt with 90% pay-out as upfront cash

Interest Shown by Marquee Investors

Ares SSG Capital Management (Singapore) Pte Ltd
Cerberus Asia Capital Management, LLC
Apollo Credit Management International Limited
Kotak Realty Fund
Clearwater Capital Partners*
Varde Partners*

Testimonials

  • Ares SSG

    …our appreciation for the colossal effort put in by the SBICAPS team which helped us get there in the end. They have done a huge amount of heavy lifting on what was certainly a very complex transaction without ever complaining…

  • IFC

    We would also like to take this opportunity to thank SBICAPS team for leading the process so well

  • Yes Bank

    It is a great closure. Our finest compliments to SBI and SBICAPS for steering and supporting this

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