CCI approves merger of Vistara into Air India

CCI approves merger of Vistara into Air India

Daily Current Affairs / CCI approves merger of Vistara into Air India

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Category : Business and economics Published on: September 06 2023

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The Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines into Air India, subject to certain conditions.
This landmark merger also involves Singapore Airlines (SIA) and entails the acquisition of shares in the merged entity, Air India, subject to certain voluntary commitments.
TSAL (Tata SIA Airlines Limited) is a joint venture between the Tata Group and Singapore Airlines with the former holding 51% and the latter 49%.
As part of the merger transaction, SIA shall also invest Rs. 2,059 crore in Air India. Post the consolidation, SIA shall hold 25.1% shareholding in Air India.
The consolidation will make Air India India’s largest international carrier and second-largest domestic carrier.

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