Bluspring Enterprises subsidiary executes Share Purchase Agreement to acquire 100% of LSG Sky Chefs India's paid-up capital for INR 129 crore cash consideration.
Acquisition represents strategic entry into aviation catering sector, focusing on Bengaluru airport operations with revenue of INR 101 crore in FY2025.
Transaction expected to complete by August 31, 2026, subject to customary conditions precedent and governmental approvals.
LSG India provides in-flight catering services to major airlines including Indigo, Lufthansa, Etihad and Qatar Airways.