Capital push continues: Tata Sons and Singapore Airlines invest Rs 9,558 crore in Air India, March sees biggest boost yet

Promoters Tata Sons and Singapore Airlines infused Rs 9,558 crore into Air India throughout 2024–25, with the majority of the funding coming after the merger of Vistara and Air India in November final yr, the airline confirmed on Wednesday.Air India spokesperson mentioned the capital was raised to assist ongoing transformation plans, fund capital expenditure, and meet working capital necessities, PTI reported. “Pursuant to the merger of Vistara with Air India in November 2024, the shareholders have together infused fresh capital of over Rs 9,500 crore in the fiscal year 2024–25. The said infusion is to meet the company’s requirement towards capital expenditure, working capital and growth initiatives,” the spokesperson mentioned.As per regulatory filings accessed by enterprise intelligence platform Tofler, Tata Sons invested Rs 3,224.82 crore whereas Singapore Airlines contributed Rs 6,333.18 crore over the fiscal yr ending March 2025.The filings confirmed that on March 20, Tata Sons was allotted a little bit over 523 crore fairness shares and Singapore Airlines over 175 crore fairness shares by the preferential allotment route. The shares had been issued at Rs 6.1632 apiece, together with a premium of Rs 2.1632 over the Rs 4 face worth.March alone accounted for Rs 4,306 crore in contemporary capital, with Tata Sons bringing in Rs 3,224.82 crore and Singapore Airlines Rs 1,080.68 crore. Prior to that, Singapore Airlines had already invested Rs 5,252.5 crore through the yr.Singapore Airlines acquired a 25.1% stake in Air India following the Vistara merger, a part of the Tatas’ bigger technique to consolidate and revive the once-ailing nationwide provider. Tata Group took over Air India in January 2022.According to provisional numbers cited in the filings, the Air India Group posted a lack of Rs 8,033.1 crore (earlier than distinctive gadgets) on revenues of Rs 56,366.8 crore for the 9 months ended December 31, 2024.The newest funding spherical comes amid a difficult part for the airline, which remains to be grappling with the aftermath of the June 12 crash of a London-bound Boeing 787-8. The incident, involving a Gatwick flight that went down minutes after take-off from Ahmedabad, killed 270 individuals, together with 241 passengers. One particular person survived.