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Altico Capital India appoints Naina Lal Kidwai as independent chairman

Press Trust of India  |  New Delhi 

Altico Capital said Tuesday has been appointed as of the company.

Kidwai has been serving as an on its board since February 2016, the company said in a statement.

It said that will step down from the role while continuing as a

Petty said: "This appointment is a conscious step, exemplifying the evolution of Altico's scale and institutional infrastructure".

The company said that the company is set for the next phase of growth by providing end to end financing solutions to all segments.

Kidwai said that it is a tremendous opportunity to closely work with Altico Capital's shareholders, directors and leadership team in building a robust NBFC.

The company also said that its current focus is on senior secured lending to residential projects in the Real Estate sector across Tier-1 cities in which include Mumbai, NCR, Chennai, Bangalore, Pune and more recently which is rebounding with the increased political stability.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 02 2018. 20:35 IST