DALLAS — The National Company Law Tribunal in Chandigarh gave its approval on Wednesday, June 5, for the merger between Air India (AI) and Vistara (UK).
As per details provided by the companies, the post-merger shareholding structure of Air India Ltd. will be as follows: Tata Sons Pvt. will have a 73.8% stake, Singapore Airlines Ltd. will have 25.1%, and SBICAP Trustee Co. will have 1.52%.
In March 2023, Vinod Kanna, CEO of Vistara, told Airways that as the airline embarked on this new…
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