The Singapore Airlines (SIA) has reportedly received approval from the Government of India for foreign direct investment (FDI), as part of the Air India-Vistara merger.
SIA has a 49 per cent stake in Vistara and is expected to hold around 25.1 per cent stake of the merged entity through the investment of Rs 20.59 billion. The remaining stake of 74.9 per cent would be held by the Tatas. The merger is likely to be finalised by the end of 2024.