Bluspring Subsidiary Secures Term Loan of Up To Rs 125 Crore to Fund LSG Acquisition
Bluspring New Horizon Two Private Limited (BNHTPL), a wholly-owned subsidiary of Bluspring Enterprises Limited, has secured a term loan from a leading Non-Banking Financial Company (NBFC). This financing is intended to fund the acquisition of LSG Sky Chefs (India) Private Limited (LSG) by BNHTPL.The term loan agreement involves a total amount not exceeding Rs 125,00,00,000 (Rupees One Hundred and Twenty Five Crores only). This financing is crucial for BNHTPL as it proceeds with the purchase of 100% of the paid-up share capital of LSG on a fully diluted basis.
The acquisition follows earlier information provided regarding Bluspring Enterprises Limited's interest in LSG, which involves purchasing the stake from Airline Catering and Retail Invest Asia Pacific Limited (Seller 1) and Alfred Anton Rigler (Seller 2).
Transaction Details
Bluspring New Horizon Two Private Limited entered into a Secured Term Loan agreement with the leading NBFC on July 23, 2026. The transaction is structured to ensure the financial backing of BNHTPL for this significant corporate activity.Key details pertaining to the secured loan and its execution are as follows:
| Particulars | Details |
|---|---|
| Borrower | Bluspring New Horizon Two Private Limited (BNHTPL) |
| Lender | A leading NBFC |
| Nature of Loan | Secured Term Loan |
| Total Amount Taken | ₹125 Crores (Rupees One Hundred and Twenty Five Crores only) |
| Date of Execution | July 23, 2026 |
| Security Provided | Exclusive charge on fixed and current assets of BNHTPL, along with an irrevocable Corporate Guarantee from Bluspring Enterprises Limited. |
BNHTPL's role in this acquisition is underpinned by the fact that Bluspring Enterprises Limited holds 100% of the share capital of BNHTPL, making it a wholly-owned subsidiary. The transaction itself is noted as not falling within related party transactions.
BLUSPRING Stock Price Movement
Bluspring Enterprises Limited shares today closed higher, gaining 3.41% to settle at ₹108.42. The equity traded within a strong range during the session, moving between a low of ₹100.90 and a high of ₹109.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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