Mumbai: India’s Tata Sons Ltd and Singapore Airlines Ltd have infused a combined ₹900 crore in Vistara, their joint venture airline in India, bolstering efforts by the carrier to improve its financial health and take delivery of new planes from Airbus SE and Boeing Co.
Of the total, Tata Sons pumped in ₹459 crore of fresh equity by subscribing to two rights issues—one in December, the other in March.
Singapore Airlines added ₹441 crore, according to documents filed by Tata SIA Airlines Ltd with the corporate affairs ministry and reviewed by Mint.
