Tata Sons to infuse Rs 30,000 crore for new ventures, say reports; to hire new digital CEO soon

Tata Sons is infusing fresh capital of Rs 30,000 crore (approximately $3.5 billion) into some of its fastest-growing and strategically important ventures, including Tata digital, Tata Electronics and Air India, and also its defence and battery businesses. The investment will be through equity infusion, people familiar with the matter told Economic Times.

According to the report, the Tata Sons board cleared the investment at a meeting held on Thursday. This follows the $120 billion investment the group has already committed to new businesses over recent years.