IL&FS raises ₹340cr masala loan for roads business
Infrastructure Leasing and Financial Services (IL&FS) has raised a ₹340 crore rupee-denominated loan, or a masala loan, from international financial institution Export Development Canada. The loan will be used for its roads business, an IL&FS Transportation Networks official said. Raising the rupee-denominated debt is part of the group's plans to diversify its financing sources, he added.