Top Stock Market Highlights of the Week: Singapore Airlines, Savings Rates for Local Banks and SATS’ Acquisition Funding Plan
By The Smart Investor  •  December 3, 2022
Welcome to this week’s edition of top stock market highlights. Singapore Airlines Limited (SGX: C6L) Singapore Airlines Limited, or SIA, has agreed with Tata Sons to merge Air India and Vistara. SIA will inject around S$360 million into Air India as part of this deal, giving the former a 25.1% stake in the latter and a significant presence in key market segments. Currently, SIA and Tata Sons hold a 49% and 51% stake in Vistara, respectively, while Tata Sons wholly owns Air India. This merger is projected to complete by March 2024, subject to regulatory approvals, and will be fully funded by SIA’s internal cash resources. Both SIA and Tata Sons will participate in any further capital injections needed for the enlarged Air India group, with a capital injection of up to S$880 million required after the merger is completed. This transaction will benefit SIA by boosting its presence in India, thereby strengthening its multi-hub...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

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