Singapore Airlines will have 25.1 per cent stake in Air India after the National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara.
The Chandigarh bench of the NCLT approved the “composite scheme of arrangement” involving the merger of Talace, Air India and Vistara, all part of the Tata Group.
Vistara was formed as a joint venture between Singapore Airlines and Tata Group while Tata Group took over control of loss-making Air India in January 2022.
The merger…
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