IL&FS hid facts from board: finance ministry source
- By Reuters |
- Oct 01, 2018
- Last Updated at 17:53 IST
NEW DELHI - Infrastructure Leasing and Financial Services (IL&FS), whose recent defaults have roiled Indian markets, hid important facts from the company's board, a senior finance ministry source said on Monday.
The infrastructure company is currently looking for an equity injection after a subsidiary failed to make interest payments.
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