CCI approves Air India – Vistara Merger

The Competition Commission of India (CCI) has granted approval to merger of Tata SIA Airlines Ltd., jointly owned by Tata Sons Pvt. Ltd. (TSPL) & Singapore Airlines Limited (SIA), and Air India Ltd. Post merger, TSPL will hold 51% of the merged entity along with control over Air India Ltd. & its subsidiaries; whereas, SIA will only hold a minority stake of 25.1% in the merged entity. The CCI has given its approval to the transaction, subject to compliance with voluntary commitments offered by the parties which will be enlisted in the CCI’s detailed order in coming future.