The companies involved in the merger include Talace Pvt. (holding company of Air India), Tata SIA Airlines Ltd. (operating as Vistara), and Air India Ltd. The merger plan includes reorganizing Air India’s share capital, combining Talace and Tata SIA with Air India, and issuing new shares to Singapore Airlines, a Vistara shareholder.
The NCLT had previously allowed meetings for the secured and unsecured creditors of Vistara, the unsecured creditors of Air India, and the…
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