Vistara set to merge with Air India as Cabinet to decide on FDI

Quick Summary:

The Cabinet was expected to give final approval for Vistara's merger into Air India, clearing the FDI by Singapore Airlines into AI.

Following this, SIA will acquire a 25.1% stake in the merged airline by investing Rs 2,059 crore.Tatas will retain 74.9% stake.

Passengers will be notified post-Diwali about their flight details on Air India.

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Article Details

Author / Journalist: Saurabh Sinha

Category: EconomyBusiness

Markets: IndiaAustraliaNepalSingapore

Topics: Air India Vistara FDI Cabinet Singapore Airlines

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-24 @ 04:22:30 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22234012

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 25 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 6 hours ago

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Publication Timezone: GMT +5:00

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