New Delhi: The Finance Ministry will take a call on Singapore Airlines' proposal for a tie-up with the Tatas to set up a full-service airline as well as 29 other foreign direct investment (FDI) applications on Friday, PTI reported.
Singapore Airlines (SIA) has approached the Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram, for permission to invest $49 million in the proposed venture with Tata Sons, the holding company of the Tata Group firms. The venture, to be called Tata SIA Airlines Ltd, will have Tata Sons as the majority partner with 51 per cent stake, while Singapore Airlines will hold 49 per cent.
Read news in full 18/10/13 PTI/NDTV.com
Sunday, 20 October 2013
Tata-Singapore Airlines to be taken up by investment board on Friday: report
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