Gate Gourmet, a Zurich based airline catering and logistics provider, has
acquired a 74 per cent interest in Skygourmet, a division of India Hospitality
Corporation (IHC). IHC will retain 26 per cent interest in Skygourmet.
The deal has been signed for a sum of $39 million (approx Rs 171.6 crore).
The funds have been arranged through a combination of cash and assumption of
debt.
Skygourmet operates in Mumbai, Delhi, Bengaluru, Chennai and Hyderabad and is
in the process of constructing a new unit in Kolkata.