You are here: Home » Companies ¬Ľ News
Eveready's plan to sell battery business to pare debt tied in legal knots
icon-arrow-left
Stock recommendation from Prabhudas Lilladher: Buy ICICI Bank, CEAT
Business Standard

MF schemes exposed to Altico see 1-8% dip in NAVs after rating downgrade

After corporate entity is downgraded to 'D', fund houses need to take at least 75% markdown

Topics
MF schemes | Altico Capital  | Reliance Nippon MF

Jash Kriplani  |  Mumbai 



debt
As many as 15 schemes exposed to Altico's debt papers saw sharp dip

Mutual fund (MF) schemes holding Altico Capital’s debt papers saw a 1-8 per cent dip in their net asset values (NAVs) on Friday, after the company was given ‘D’, or the default grade rating.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, September 16 2019. 01:40 IST

RECOMMENDED FOR YOU

.