Singapore Airlines (SGX:C6L) said the merger of Vistara with Air India has been completed, with Singapore Airlines now holding a 25.1% stake in the enlarged Air India, according to a Tuesday filing on the Singapore Exchange.
Vistara is no longer an associated company of Singapore Airlines following the merger. The Singapore-based airline company previously owned 49% of Vistara.
Singapore Airlines will proceed with a reduced capital injection of SG$498 million. The amount will not affect Singapore Airlines' 25.1% stake, and the funding will come from Singapore Airlines' internal cash resources.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.