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Vistara to receive $50.9 mil investment from Tata Sons and SIA

Michelle Zhu Published on Wed, Sep 21, 2016 / 4:09 PM GMT+8

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SINGAPORE (Sept 21): Tata Group’s Tata Sons and Singapore Airlines (SIA) are proposing to invest a total of Rs 250 crore ($50.9 million) in their Indian joint venture Vistara, otherwise known as Tata SIA Airlines.

This comes in addition to the companies’ August investment commitment of Rs 150 crore.

Tata Sons and SIA own 51% and 49% of Vistara respectively.

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