Tata and SIA Infuses $65 Million Into Vistara
The amount invested also correlates to the airline's ownership stake, with Tata Sons providing 255 crore (about $33.3 million) and Singapore Airlines contributing 245 crore (approx $32 million).
Highlights
- Vistara's promoters have injected another 500 crore (about $65 million) into the airline, according to a document with the Ministry of Corporate Affairs seen by The Indian Express.
- Tata Sons, an Indian corporation, and Singapore Airlines have a 51:49 ownership structure in Vistara.
- The investment comes less than a month after the Tatas paid the government hundreds of millions of dollars up front to acquire Air India and assumed billions of dollars in debt.
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