[ad_1] Tata Play, formerly known as Tata Sky, has become the first Indian company to file a confidential pre-filing of offer document for its initial public offer (IPO) with market regulator Sebi.The Tata group firm filed documents with Sebi, BSE and National Stock Exchange (NSE) on November 29. The firm...
Tata to bolster Air India with Vistara merger, Legal News, ET LegalWorld – Legal Firms
[ad_1] Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies.Autos-to-steel conglomerate Tata will hold 74.9% of the combined entity, while SIA will own the remaining 25.1%,...
Tatas could own about 75%, SIA 25% in AI-Vistara, Legal News, ET LegalWorld – Legal Firms
[ad_1] Representative image (iStock)The Tata Group and Singapore Airlines (SIA) are learnt to have finalised the proposed merger of Air India and Vistara. While Tatas will have about 75 per cent stake in the merged entity, the remaining will be with SIA, say people in the know. In Vistara, Tatas...