Date: July 24, 2026
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Dividend Declaration
Not Specified
KMP / Board / Auditor Changes
Not Specified
Disinvestment / Strategic Actions
Bluspring New Horizon Two Private Limited (BNHTPL), a wholly-owned subsidiary of Bluspring Enterprises Limited, has secured financing for its previously announced acquisition of LSG Sky Chefs (India) Private Limited (LSG).
Fundraising Details
BNHTPL has entered into a term loan agreement with a leading NBFC for an amount not exceeding ₹125,00,00,000/- (Rupees One Hundred and Twenty-Five Crores only) to fund the acquisition of 100% of the paid-up share capital of LSG on a fully diluted basis.
Key Loan Terms:
- Lender: Leading NBFC (not related to promoter/promoter group/group companies)
- Borrower: Bluspring New Horizon Two Private Limited
- Nature of Loan: Secured Term Loan
- Total Loan Amount: ₹125 Crores
- Date of Loan Agreement Execution: July 23, 2026
- Tenor: Up to 48 months from the date of disbursement
- Security: The loan is secured inter alia against exclusive charge on fixed assets and current assets of BNHTPL and irrevocable Corporate Guarantee from Bluspring Enterprises Limited
Background Context
This disclosure is in continuation of the company's intimation dated April 13, 2026, regarding BNHTPL's acquisition of 100% stake in LSG Sky Chefs (India) Private Limited from Airline Catering and Retail Invest Asia Pacific Limited (Seller 1) and Alfred Anton Rigler (Seller 2).