Tata Sons, Singapore Airlines to merge Vistara and Air India by March 2024

Tata Sons and Singapore Airlines (SIA) on Tuesday announced that they will merge Vistara into Air India, with a target to complete the process by March 2024 subject to regulatory approvals. Once that happens, Tata Sons will hold 74.9% stake in the AI-Vistara-AI Express-AirAsia India Pvt Ltd (AAIPL) combined entity and SIA the remaining 25.1% stake.
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