close

Tata Sons to infuse more capital into five firms impacted by coronavirus

FY2021 Budget planning upset in all five firms, funds will be used repay dues, keep them well-capitalised and finance projects

Dev Chatterjee Business Standard Mumbai
Tata Sons, Cyrus Mistry
Premium

The group will have to step in to put additional funds into its two airlines which are grounded since March 24

Tata Sons will have to infuse additional equity capital into at least five subsidiaries, including Tata Realty and Infrastructure (TRIL), Tata SIA Airlines, AirAsia India, Tata Teleservices, and Tata
Or

Also Read

Covid-19: Flipkart ties up with Tata Consumer to provide essentials

Tatas open their vault, commit Rs 1,500 crore to fight coronavirus

Covid-19 a wake-up call, says Ratan Tata in outreach to slum dwellers

India coronavirus dispatch: Long-term strategy needed against Covid-19

World coronavirus dispatch: First human trial of Covid-19 drug underway

RIL announces salary cuts; Mukesh Ambani to forgo entire compensation

Lupin gets inspection closure report from USFDA for Pithampur plant

Glenmark gets DCGI nod for clinical trials of potential Covid-19 drug

LafargeHolcim first-quarter profit falls 14% as Covid-19 hits construction

Scrappage scheme would give demand a boost: Ashok Leyland MD & CEO

First Published: Apr 30 2020 | 4:27 PM IST

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com