DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy.
DHFL does not have any exposure to either of them, DHFL said in a regulatory filing.
DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.
Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.
The conversion of debt into equity may result in a change in ownership.
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.
ast week, DHFL had submitted a draft resolution plan to lenders which are yet to be approved by them.
The company's scrip tumbled 10.08 per cent to close at Rs 41.95 on the BSE.
The scrip jumped 11.07 per cent to close at Rs 56.20 on the BSE. During the day, it zoomed 17.88 per cent to Rs 59.65.