Tata Group has been in the news recently as it further consolidated its position in the airline space by announcing the merger of Air India with Singapore International Airlines (SIA)-operated Vistara. The latter aims to invest roughly Rs 2,059 crore in the merged entity, and shall hold 25.1 per cent stake in Air India. The merger is expected to be completed by March 2024 after regulatory approvals.
Also read: Why merging Brand Vistara with Air India makes sense: Experts explains
Also read: Why merging Brand Vistara with Air India makes sense: Experts explains
This was Tata Group’s second consolidation exercise in the sector after it initiated the merger of AirAsia India