Tata Sons to Infuse Over Rs 10,000 Crore into Air India

Tata Sons is likely to infuse over Rs 10,000 crore into Air India, marking one of its largest investments in the airline since acquiring it for Rs 18,000 crore in 2021. The in-principle approval was granted at a June board meeting chaired by N Chandrasekaran, with Tata Trusts chairman Noel Tata and vice-chairman Venu Srinivasan present. The investment requires majority backing from Tata Trusts' nominee directors under Article 121A. Air India and other investee companies must present a business case when seeking the funding, according to sources cited in the report.