Vistara will merge with Tata group-owned Air India: Singapore Airlines
Vistarato merge with Tatagroup-owned Air India.
- Tata group owns a 51 per cent stake in Vistara while
Singapore Airlinesowns the remaining 49 per cent.
- Singapore Airlines will also invest ₹2,058.5 crores in Air India giving it a 25.1 per cent stake in the Air India group.
As part of the transaction, SIA will also invest ₹2,058.5 crores in Air India.
"This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. SIA and Tata aim to complete the merger by March 2024, subject to regulatory approvals," SIA said in a release.
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