{"id":304288,"date":"2019-12-05T12:23:49","date_gmt":"2019-12-05T06:53:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304288"},"modified":"2019-12-05T12:23:49","modified_gmt":"2019-12-05T06:53:49","slug":"taking-wings-vistara-gets-rs-600-crore-boost-from-promoters","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/taking-wings-vistara-gets-rs-600-crore-boost-from-promoters\/","title":{"rendered":"Taking wings! Vistara gets Rs 600-crore boost from promoters"},"content":{"rendered":"<p>Vistara has received infusion of Rs 600 crore from its promoters \u2014 Tata Sons and Singapore Airlines \u2014 at a time when the carrier is planning rapid international expansion and domestic yields are under pressure due to a fare war.<\/p>\n<p>The airline\u2019s board approved the allotment of 600 million shares of `10 each to the two promoters on November 28, according to a filing with the ministry of corporate affairs.<\/p>\n<p>A Vistara spokesperson did not reply on the fund-raising till the time of going to the press. While Tata Sons owns 51% in Vistara, Singapore Airlines has the balance 49% in the full-service carrier. According to the aviation regulator, Vistara held 5.4% domestic market share in October 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vistara has received infusion of Rs 600 crore from its promoters \u2014 Tata Sons and Singapore Airlines \u2014 at a time when the carrier is planning rapid international expansion and domestic yields are under pressure due to a fare war. The airline\u2019s board approved the allotment of 600 million shares of `10 each to the two promoters on November 28, according to a filing with the ministry of corporate affairs. A Vistara spokesperson did not reply on the fund-raising till the time of going to the press. While Tata Sons owns 51% in Vistara, Singapore Airlines has the balance 49% [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-304288","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304288"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304288\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}