💡 Strategic 100% acquisition of LSG Sky Chefs India to enter aviation catering sector with significant revenue and profit addition.
What Happened
Bluspring Enterprises Limited, through its wholly owned subsidiary Bluspring New Horizon Two Private Limited, has executed a Share Purchase Agreement to acquire 100% of LSG Sky Chefs India Private Limited. The acquisition is for a cash consideration based on an enterprise value of INR 129 Crore and is expected to be completed by August 31, 2026. The deal marks Bluspring's strategic entry into the aviation catering sector.
Key Details
- Company: Bluspring Enterprises Limited
- Event Type: M&A
- Filing Date: 13-Apr-2026 23:28:22
- NSE Filing: View Document
Why It Matters
This acquisition represents a significant strategic move for Bluspring Enterprises, diversifying its business into the high-margin aviation catering industry. The target company, LSG Sky Chefs India, operates at Bengaluru Airport with a contract valid until 2039, providing long-term revenue visibility. With LSG India reporting approximately INR 101 crores in revenue and INR 10 crores in profit after tax for FY2025, this acquisition adds substantial scale to Bluspring's existing food services vertical. The company expects this move to significantly expand margins and support long-term growth and profitability through synergies with its current operations.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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