Loan & Debt24 Jul 2026, 04:22 pm
Bluspring Subsidiary Secures ₹125 Cr Term Loan for Acquisition
AI Summary
Bluspring Enterprises Ltd announced that its wholly-owned subsidiary, Bluspring New Horizon Two Private Limited (BNHTPL), has entered into a term loan agreement with a leading NBFC. The loan facility is up to ₹125 crore and will be used to fund BNHTPL's acquisition of 100% stake in LSG Sky Chefs (India) Private Limited. The loan is secured and has a tenor of up to 48 months. This move supports BNHTPL's acquisition strategy, with the company providing a corporate guarantee for the loan.
Key Highlights
- Subsidiary BNHTPL secures ₹125 Cr term loan.
- Loan to fund acquisition of LSG Sky Chefs (India).
- Loan is secured with a tenor of up to 48 months.
- Bluspring Enterprises provides corporate guarantee.
Price Impact
More from BLUSPRING