NCLT approves the merger of Air India and Vistara.

National

The National Company Law Tribunal (NCLT) has approved the merger of Air India and Vistara, forming one of the largest airline conglomerates globally, as reported by Financial Express. As part of the deal, Singapore Airlines will acquire a 25.1% stake in Air India. Vistara is a joint venture between the Tata Group and Singapore Airlines.


      The comprehensive order endorses a composite scheme of arrangement that will consolidate Air India, Vistara, and Talace under the Tata Group umbrella.

      The order mandates that Air India must complete the merger within nine months.

     

 

     


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