New Delhi: Gearing up to launch full-service airline on domestic and international routes, salt-to-software conglomerate Tata group has incorporated its proposed aviation venture Tata SIA Airlines Ltd as a public limited company with the filing of all requisite documents and details with the Corporate Affairs Ministry.
The new company is a joint venture between Tatas and Singapore Airlines, with Tata Sons Ltd holding he majority 51 per cent stake and the Singaporean aviation major having the remaining 49 per cent equity.
As per information available with the Corporate Affairs Ministry, the new company was incorporated on November 5 with a total paid up capital of Rs 5 lakh and has been registered in New Delhi.
The incorporation documents have been signed by three directors -- Prasad Menon, Kersi Rustom Bhagat and Mukund Govind Rajan.
10/11/13 PTI/Economic Times
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The new company is a joint venture between Tatas and Singapore Airlines, with Tata Sons Ltd holding he majority 51 per cent stake and the Singaporean aviation major having the remaining 49 per cent equity.
As per information available with the Corporate Affairs Ministry, the new company was incorporated on November 5 with a total paid up capital of Rs 5 lakh and has been registered in New Delhi.
The incorporation documents have been signed by three directors -- Prasad Menon, Kersi Rustom Bhagat and Mukund Govind Rajan.
10/11/13 PTI/Economic Times
