The Singapore Airlines (SIA) will get 25.1 per cent stake in the merged entity at an of Rs 2,058.5 crore (250 million USD). The rest of the stake will be held by Tata.
These stakes will be in an enlarged Air India Group, which will have Air India, Vistara, AirAsia India and Air India Express. The merger of all these airlines are expected to be completed by March 2024 after receiving regulatory approvals.
The Air India Group is already in the process of merging Air India Express and AirAsia India into a single entity that will provide low-cost flight Services.