Tata Sons plans to infuse more funds into Covid-hit group entities

Tata Sons, the holding company of the Tata group, on Friday decided to infuse more cash into group entities that were hit the worst by the pandemic. 

According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals. The board also decided to invest more money in Tata Teleservices, which was dealt a blow by the Supreme Court’s AGR (adjusted gross revenue) verdict.

The board, which held the meeting via a conference call, also discussed debt reduction in several entities, especially Tata Power — which has been severely impacted by the Gujarat