New Delhi, Oct 13 (PTI) Singapore Airlines on Thursday said it is in confidential discussions with Tatas for a possible merger of Vistara and Air India.
Tatas has 51 per cent stake in Vistara and the rest is with Singapore Airlines (SIA). Tatas is also the owner of Air India.
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In a regulatory filing, SIA said discussions with Tatas are ongoing and no definitive terms have been agreed upon between the parties.
"In line with its multi-hub strategy, SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India Ltd, a subsidiary of Tata (the 'potential transaction').
"The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India," the filing to the Singapore Stock Exchange said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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