Vistara will merge with Tata group-owned Air India: Singapore Airlines

• Vistara to merge with Tata group-owned Air India.
• Tata group owns a 51 per cent stake in Vistara while Singapore Airlines owns 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.

Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

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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