Singapore approves the merger of Vistara and Air India

SIA and Tata Sons (Tata) have agreed to merge Air India and Vistara,

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SIA also investing INR 20,585 million (S$360 million, US$250 million) in Air India

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This would give SIA a 25.1% stake in an enlarged Air India group

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SIA and Tata aim to complete the merger by March 2024,

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SIA and Tata have also agreed to participate in additional capital injections,

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Based on SIA’s 25.1% stake post-completion, its share of any additional capital injection

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SIA will reinforce its partnership with Tata and immediately acquire a strategic stake

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Singapore approves the merger of Vistara and Air India

Singapore approves the merger of Vistara and Air India

SIA and Tata Sons (Tata) have agreed to merge Air India and Vistara,

SIA and Tata Sons (Tata) have agreed to merge Air India and Vistara,

SIA also investing INR 20,585 million (S$360 million, US$250 million) in Air India

SIA also investing INR 20,585 million (S$360 million, US$250 million) in Air India

This would give SIA a 25.1% stake in an enlarged Air India group

This would give SIA a 25.1% stake in an enlarged Air India group

SIA and Tata aim to complete the merger by March 2024,

SIA and Tata aim to complete the merger by March 2024,

SIA and Tata have also agreed to participate in additional capital injections,

SIA and Tata have also agreed to participate in additional capital injections,

Based on SIA’s 25.1% stake post-completion, its share of any additional capital injection

Based on SIA’s 25.1% stake post-completion, its share of any additional capital injection

SIA will reinforce its partnership with Tata and immediately acquire a strategic stake

SIA will reinforce its partnership with Tata and immediately acquire a strategic stake

Read more Full Details

Read more Full Details