IL&FS Transportation Networks has reportedly taken a loan worth amounting Rs 45 crore from one of its special purpose vehicles (SPVs). For which the SPV had to dip into its emergency funds to lend the amount.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
