Air India-Vistara Merger: Singapore Airlines (SIA) will invest an additional Rs 3194.5 crore in Tata Group-owned Air India. This investment will be made after the merger of Air India-Vistara and it is going to be completed by November 11, 2024. After this merger, Singapore Airlines (SIA) will have a 25.1 percent stake in the extended Air India. It can be understood that after this merger, Air India will be the only full service carrier in the country. Vistara includes SIA's 49 percent stake and a cash payment of Rs 2058.5 crore which will be settled through the merger.

Vistara took its first flight on 9 January 2015

Vistara, a full service carrier, started flying on 9 January 2015. It is primarily a joint venture between Tata and Singapore Airlines, where Tata has a 49 percent stake. 

There's a lot of information in the press release

Singapore Airlines (SIA) Group on Friday said the merger involves Rs 20,585 million (Rs 2058.5 crore) in cash in exchange for a 49 per cent interest in Vistara and a 25.1 per cent equity interest in Extended Air India. The merger details in a press release issued on Friday show that from November 12, the airlines will no longer be operated under the Vistara brand but Extended Air India flights will be operated as a full service carrier. 

Know the special things about the merger of Air India-Vistara

After this merger, especially based on the funding that will be infused into Air India by the Tata Group, it will function as a joint entity after an additional investment of Rs 3194.5 crore by Singapore Airlines.

Air India and Singapore Airlines have unanimously agreed to extend their codeshare agreement. 

The joint network of Air India and Singapore Airlines will also include 11 Indian cities and 40 other international destinations.