Air India-Vistara merger gets Singapore’s conditional approval

$SIA (C6L.SG)$ The article reported that Singapore's competition watchdog said on Tuesday (Mar 5) has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines (SIA), subject to certain conditions. Singapore’s flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets. India’s antitrust body approved the deal in September last year.
Comment: This may be the reason for SIA share price up today. The stock seemed to reverse and become bullish. If you planned to hold the stock for long term dividend, the share price fell recently should not be a concern.