Bengaluru, April 13, 2026: Bluspring Enterprises Limited has announced a strategic acquisition that marks its entry into the fast-growing aviation catering sector. The company, through its wholly owned subsidiary Bluspring New Horizon Two Private Limited (BNHTPL), has signed a Share Purchase Agreement (SPA) to acquire 100% stake in LSG Sky Chefs India Private Limited (LSG India), subject to customary approvals and conditions.
The agreement has been executed with Airline Catering and Retail Invest Asia Pacific Limited and Alfred Anton Rigler, who are the current shareholders of LSG India. The transaction, structured as an all-cash deal, is based on an enterprise value of ₹129 crore, with final consideration subject to standard closing adjustments.
Importantly, the acquisition is limited to LSG India’s Bengaluru operations. The remaining business divisions of LSG India will be carved out prior to the completion of the deal through an asset transfer process. Post-acquisition, LSG India will become a step-down wholly owned subsidiary of Bluspring Enterprises.
LSG India, incorporated in 2001, is a well-established player in the in-flight catering and aviation services segment, catering to major domestic and international airlines such as IndiGo, Lufthansa, Etihad Airways, and Qatar Airways. The Bengaluru unit operates out of Kempegowda International Airport under a long-term agreement with Bangalore International Airport Limited (BIAL), valid until 2039.
Following the carve-out, the retained Bengaluru business reported a revenue of approximately ₹101 crore and a profit after tax of ₹10 crore for the financial year ended March 31, 2025. The business also had a net worth of ₹75 crore as of the same date. Over the past three years, the unit has demonstrated steady growth, with revenues rising from ₹56 crore in FY23 to ₹64 crore in FY24 and ₹101 crore in FY25.
Bluspring stated that the acquisition aligns with its strategy to expand its presence in the food services segment while diversifying into aviation-linked businesses. The company expects the move to enhance margins, unlock operational synergies, and support long-term growth.
The transaction is not classified as a related party transaction, and the promoters or promoter group entities of Bluspring have no interest in LSG India. The deal is being conducted on an arm’s length basis.
Completion of the acquisition is subject to receipt of necessary regulatory and operational approvals and is expected to be finalized before August 31, 2026.