SIA refutes media reports of raising its stake in Air India

Singapore Airlines clarified that it has not raised its stake in Air India from the 25.1%. The airline’s statement was in response to a media report saying it had raised its stake in the Indian airline to about 40%. SIA had secured 25.1% stake in Air India as a part of Tata Group’s Vistara merger to create a bigger full-service India’s national carrier.