Bluspring Enterprises Acquires 100% Stake in LSG Sky Chefs India for ₹129 Crore
Bluspring Enterprises will acquire 100% of LSG Sky Chefs India for a cash consideration of ₹129 crore. The deal, expected to close by August 31, 2026, marks Bluspring's strategic entry into aviation catering. The acquired entity reported FY25 revenue of ₹101 crore.
The acquisition of a 100% stake in a company with significant revenue and a strategic market presence is a material event that will substantially impact Bluspring's business operations and future profitability.
The acquisition represents a strategic entry into a new sector, complementing the company's existing business and indicating potential for growth and margin expansion.
Bluspring Enterprises Limited announced that its wholly owned subsidiary, Bluspring New Horizon Two Private Limited, has executed a Share Purchase Agreement (SPA) on April 13, 2026, to acquire 100% of the paid-up share capital of LSG Sky Chefs India Private Limited (LSG India) from Airline Catering and Retail Invest Asia Pacific Limited and Alfred Anton Rigler. This acquisition, subject to customary conditions precedent, is proposed to be completed by August 31, 2026, for a cash consideration based on an enterprise value of ₹129 Crore, subject to adjustments.
The acquisition marks Bluspring's strategic entry into the aviation catering sector, granting access to in-flight catering facilities at Bengaluru Airport until 2039. The business of LSG India complements Bluspring's existing food services vertical, expected to significantly expand margins and support long-term growth.
LSG India, incorporated on May 31, 2001, is a leading provider of in-flight catering and allied aviation services. The acquisition pertains to LSG India's Bengaluru operations, with other operations to be carved out prior to completion. For the financial year ended March 31, 2025, the carved-out LSG India reported revenue of approximately ₹101 crore, profit after taxes of ₹10 crore, and a net worth of ₹75 crore. For the financial years 2024 and 2023, the turnover was ₹64 crore and ₹56 crore, respectively. The acquisition does not qualify as a related party transaction and is being undertaken on an arm's length basis. Certain operational approvals from governmental agencies will be required.
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Bluspring Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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