1,400 top firms in India hit by IL&FS pandemic; provident funds, pensions worth Rs 9,700 crore at stake

The Infrastructure Leasing and Monetary Companies (IL&FS) contagion is now a full blown pandemic, an IANS report claimed on Friday. Based on the report, as many as 1,400 entities of all hues throughout the size and breadth of the nation have a complete publicity of a staggering Rs 9,700 crore with lakhs of worker provident and pension funds caught in a lemon known as poisonous IL&FS bonds.

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