Two of the country’s biggest mutual funds have marked down the value of debt issued by two special purpose vehicles (SPVs) of Infrastructure Leasing & Financial Services as the troubled infrastructure investor’s financial woes continue to rattle financial markets.
Four months after parent IL&FS sparked a major crisis with its default prompting a rare government intervention, its cash-rich and profitable SPVs are now giving a different kind of headache to mutual funds and other d ..
