All you need to know about the premier airline merger of Air India and Vistara >>
The Competition Commission of India approves the merger of Tata's Vistara into Air India with certain conditions.
This merger could make Air India the largest international and second-largest domestic airline in India, following IndiGo.
CCI in June had issued a show-cause notice to Air India regarding competition concerns, which has now been resolved.
Tata Group, which owns Vistara and Air India, takes a major step in consolidating its aviation business. Singapore Airlines notably holds 49% stake in Vistara.
Singapore Airlines (SIA) to invest Rs 2,059 crore for a 25.1% stake in Air India, while Tata Sons retains a 74.9% stake in the entity.
Experts expect the merger to reshape the international aviation market, with Air India potentially gaining a 50% market share in international traffic.