Tata, Singapore Airlines infuse Rs 500 crore into Vistara

Tata Sons and Singapore Airlines have together infused Rs 500 crore in airline Vistara, a regulatory filing accessed by The Indian Express showed. The two companies, that own Vistara in a 51:49 joint venture, infused the total amount in the same proportion.

The fund infusion happened through a rights issue, and the shares to the joint owners were allotted on February 14, less than a month after the Tata group took over 100 per cent of Air India from the Central government.

Responding to an e-mail query by The Indian Express, a Vistara spokesperson said: “As a matter of policy, we do not comment on the financial information of the company.”