Subsidiary signs Rs 125 Crore term loan to fund LSG Sky Chefs acquisition
BLUSPRING · price
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Bluspring Enterprises' wholly-owned subsidiary BNHTPL has entered into a secured term loan agreement with a leading NBFC for up to Rs 125 Crores. The loan, with a tenor of up to 48 months, will fund BNHTPL's acquisition of 100 percent stake in LSG Sky Chefs (India) Private Limited. The loan is secured by exclusive charge on BNHTPL's fixed and current assets, along with a corporate guarantee from Bluspring. The agreement was executed on July 23, 2026, and is not a related party transaction.
Adds Rs 125 Crore debt at subsidiary level for acquisition funding, backed by parent guarantee. Supports deal closure but increases group leverage.