{"id":539391,"date":"2022-11-30T09:31:57","date_gmt":"2022-11-30T04:01:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539391"},"modified":"2022-11-30T10:08:27","modified_gmt":"2022-11-30T04:38:27","slug":"tata-group-announces-air-india-merger-with-vistara-sia-to-get-25-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-group-announces-air-india-merger-with-vistara-sia-to-get-25-stake\/","title":{"rendered":"Tata Group announces Air India merger with Vistara; SIA to get 25% stake"},"content":{"rendered":"<p>In a major consolidation in the Indian aviation space, Tata group on Tuesday announced the merger of Vistara with Air India, and pursuant to the deal, Singapore Airlines will have a 25.1 per cent stake in Air India.<\/p>\n<p>The proposed deal is expected to be complete by March 2024, subject to regulatory approvals.<\/p>\n<p>Tata group owns a 51 per cent stake in Vistara and the rest is with Singapore Airlines (SIA).<\/p>\n<p>In a release, SIA said Vistara and Air India would be merged, and it would also be investing Rs 2,058.5 crore in Air India as part of the transaction.<\/p>\n<p>&#8220;This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major consolidation in the Indian aviation space, Tata group on Tuesday announced the merger of Vistara with Air India, and pursuant to the deal, Singapore Airlines will have a 25.1 per cent stake in Air India. The proposed deal is expected to be complete by March 2024, subject to regulatory approvals. Tata group owns a 51 per cent stake in Vistara and the rest is with Singapore Airlines (SIA). In a release, SIA said Vistara and Air India would be merged, and it would also be investing Rs 2,058.5 crore in Air India as part of the transaction. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-539391","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539391","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=539391"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539391\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}