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.