Tatas, SIA pumped Rs 650 crore into Vistara ahead of announcing merger

The airline, a 51:49 joint venture of the Tatas and Singapore Airlines, has seen infusion of at least Rs 9,900 crore as equity after its birth in 2015

The Tata group and Singapore Airlines (SIA) last month cumulatively infused Rs 650 crore into Vistara as equity investment to meet its working capital requirements.

Vistara — a 51:49 joint venture of the Tata group and SIA — has seen infusion of at least Rs 9,900 crore as equity investments after its inception in 2015, according to documents reviewed by Business Standard.

The latest investment was done on November 16, just 13 days before the Tata group announced Vistara’s merger into Air India. The merger is expected to be over by March 2024 and SIA will hold a 25.1 per