Business Standard

Tata Sons board meets today on deal


The board of Tata Sons, the holding company of $103billion revenue Tata group, is meeting on Tuesday to discuss plans to raise debt to fund Air India acquisitio­n. The Tata Sons board will also be apprised about the acquisitio­n of Air India for ~18,000 crore and the group’s consolidat­ed plans for its airline business.

In the AGM held in September, the shareholde­rs of the company had approved up to ~40,000 crore to the company debt raise plans. Of this, the board may clear raising around ~15,000 crore, said a source close to the developmen­t.

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