Tata Sons to pump Rs.10,000 crore+ into Air India - but not without conditions: Report
New Delhi, Sept. 3 -- Tata Sons' board has cleared a fresh capital infusion of over Rs.10,000 crore (about $1.1 billion) into Air India, though the approval comes with conditions, sources told the Times of India.
It's said to be one of Tata Sons' largest commitments to the airline since the Rs.18,000-crore acquisition in 2021.
Sources were quoted as saying that the board granted in-principle approval for fresh investment in Air India and other group ventures, subject to conditions.
"Any capital infusion will require Air India and other investee companies to present a business case when funding is sought," one person told the Times of India.
According to the report, the decision was taken at a board meeting in June, chaired by N Chandr...
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