Air India Becoming Larger Post-Merger With Vistara Is On Expected Lines; Positive For Sector: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.Tata SIA Airlines Ltd. (Vistara) entered into an ‘implementation agreement’ dated November 29, 2022 with Tata Sons Pvt. Ltd., Talace Pvt. Ltd. and Air India Ltd. in connection with the proposed merger of Air India and Vistara. On completion of the merger, Singapore International Airlines will hold ~25.1% of the enlarged Air India (i.e. Air India including Vistara and Talace). The merged entity will continue to operate both full-service and low-cost passenger services across the different airlines, with both domestic flights within India and international flights with India as its main hub. Valuations implied by merger considerations (~$250 million plus 49% Singapore Airlines’ stake in Vistara in exchange for a 25.1% equity interest in the enlarged Air India) should be viewed in conjunction with the fact that Singapore Airlines has committed an additional capital injection in FY23/FY24..Click on the attachment to read the full report:.Air India To Be Valued At Over Rs 36,000 Crore After Vistara Merger.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Air India Becoming Larger Post-Merger With Vistara Is On Expected Lines; Positive For Sector: ICICI Securities

On completion of the merger, Singapore Airlines will hold ~25.1% of the enlarged Air India (i.e. AI including Vistara, Talace).

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