Vistara has received infusion of Rs 600 crore from its promoters — Tata Sons and Singapore Airlines — at a time when the carrier is planning rapid international expansion and domestic yields are under pressure due to a fare war.
The airline’s board approved the allotment of 600 million shares of `10 each to the two promoters on November 28, according to a filing with the ministry of corporate affairs.
A Vistara spokesperson did not reply on the fund-raising till the time of going to the press. While Tata Sons owns 51% in Vistara, Singapore Airlines has the balance 49% in ...
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