 "Air India, AI")
Tata Sons may invest $1.5-1.8 billion in the proposed airline to be created after the merger of Air India and Vistara, a report in Mint said on Friday. The investments will be made from the proceeds received as dividend income from Tata Consultancy Services (TCS) and other firms of the group.
"The board (of Tata Sons) has to decide on the exact amount to be invested in Air India-Vistara, among other initiatives by Tata group. A significant portion could be set aside for investment into Air India-Vistara combined," a person aware of the matter told Mint.
The money will be used
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