The National Company Law Tribunal (NCLT) has granted approval for the merger of Air India and Vistara, marking a significant step towards the formation of one of the world’s largest airline groups. This merger, announced in November 2022, will see Singapore Airlines holding a 25.1% stake in Air India, which is set to be completed by the end of this year.
The NCLT observed that the scheme has already received necessary approvals from the shareholders and…
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