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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

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

Dev Chatterjee Mumbai
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 Capital Financial Services (TCFSL), in the current financial year to help them meet their financial commitments. The Covid-19 pandemic has upset their budget planning for 2020-21 (FY21).

The investment will be in addition to the Rs 2,375 crore invested in Tata Realty in 2019-20, Rs 3,500 crore in Tata Capital, and a massive Rs 50,000 crore in Tata Teleservices since January 2014. Both airlines are getting additional capital each year from

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First Published: Apr 30 2020 | 4:18 PM IST

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