India’s National Company Law Tribunal (NCLT) has cleared the merger between Tata Group units Air India and Vistara, paving the way for the formation of India’s largest international operator.
In an order dated 6 June, the court confirmed that the merger scheme had received all the necessary shareholder and creditor approvals, without any objections from the country’s tax department or other parties.
The merger was first announced in November 2022, following the privatisation…
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