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NEW DELHI (Reuters) - 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.

(Reporting by Manoj Kumar, Writing by Alasdair Pal; Editing by Malini Menon)