Tata's Air India considers raising $1 bln - Bloomberg News
FILE PHOTO: Tata Motors logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai February 14, 2013. REUTERS/Vivek Prakash/File Photo
Tata Group-owned Air India is considering raising at least $1 billion in a funding round that could value the carrier at around $5 billion, Bloomberg News reported on Friday, citing people familiar with the matter.
Air India and Tata Sons did not immediately respond to Reuters requests for comment.
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