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Sculptor Capital Management’s (NYSE:SCU) stock was rewarded with a strong 17.2% rally to finish the week on Friday
In a regulatory filing, SIA says discussions with Tatas are ongoing and no definitive terms have been agreed upon between the parties
Singapore Airlines said that the company was currently in 'confidential discussions with Tata' to chalk out potential transactions on securities of Vistara and Air India, a subsidy of Tata.
Tata Group controls the majority 51 per cent stake in Vistara while 49 per cent of the share is controlled by Singapore Airlines.
The rumours of the Air India and Vistara merger have been put to rest by the statement of Singapore Airlines with the statement confirming their ongoing discussion with Tata Group, read for more details.