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SSP Group plc, in conjunction with its joint venture partner K Hospitality Corp, announced the successful Initial Public Offering of Travel Food Services Limited (TFS). On Monday 14 July 2025, TFS shares were admitted to trading on the Indian Stock Exchanges (BSE Limited and the National Stock Exchange of India Limited).
| Date | 14 Jul 2025 |
| Time | 07:00:10 |
| Category | Miscellaneous |
| ID | 8894Q |
LEI:213800QGNIWTXFMENJ24
14 July 2025
SUCCESSFUL Initial Public OfferING IN INDIA of Travel Food Services Limited
First Day of trading
SSP Group plc ("SSP"), a leading operator of restaurants, bars, cafes and other food and beverage outlets in travel locations across 38 countries, in conjunction with K Hospitality Corp, SSP's joint venture partner in India, are pleased to announce that Travel Food Services Limited ("TFS") shares have been admitted to trading on the Indian Stock Exchanges (BSE Limited and the National Stock Exchange of India Limited) today, Monday 14 July 2025.
Patrick Coveney, CEO of SSP Group, said
"We are pleased to see the successful IPO of TFS in India, which marks an important milestone for our joint venture. We believe that the market potential in India, combined with TFS' economic model and market leadership, provides a compelling opportunity to deliver growth and returns for the Group. We look forward to continuing to partner with K Hospitality to support TFS post-listing."
Varun Kapur, Managing Director and CEO of TFS, said
"Enabled by a valued joint venture partnership between SSP and K Hospitality since 2016, I am proud of the significant position we have built in the large, exciting and fast-growing Indian travel market. Building on this strong platform, the IPO today sets us up for our next stage of growth and to go on to create further value for all our stakeholders. The entire team looks forward to continuing to develop the potential of TFS as we begin this new chapter for the company."
CONTACTS
Investor and analyst enquiries
Sarah John, Corporate Affairs Director, SSP Group plc
Sarah Roff, Group Head of Investor Relations, SSP Group plc
+44 (0) 7736 089218 / +44 (0) 7980 636214
E-mail: sarah.john@ssp-intl.com / sarah.roff@ssp-intl.com
Media enquiries
Rob Greening / Russ Lynch
Sodali & Co
+44 (0) 207 250 1446
E-mail: ssp@sodali.com
NOTES TO EDITORS
About SSP
SSP Group plc (LSE:SSPG) is a global leading operator of food and beverage outlets in travel locations employing around 49,000 colleagues in over 3,000 units across 38 countries. We specialise in designing, creating and operating a diverse range of food and drink outlets in airports, train stations and other travel hubs across six formats: sit-down and quick service restaurants, bars, cafés, lounges, and food-led convenience stores. Our extensive portfolio of brands features a mix of international, national, and local brands, tailored to meet the diverse needs of our clients and customers.
Our purpose is to be the best part of the journey, and we are committed to delivering leading brands and innovative concepts to our clients and customers around the world, focusing on exceptional taste, value, quality and service. Sustainability is crucial for our long-term success, and we aim to deliver positive impact for our business while uniting stakeholders to promote a sustainable food travel sector.
About TFS
TFS is a joint venture between SSP and K Hospitality Corp (the flagship hospitality brand under which the Kapur Family Trust operates, owns or invests in various hospitality and food services companies).
TFS is the leading player in the fast-growing Indian airport travel quick service restaurant ("Travel QSR") and lounge ("Lounge") sectors based on revenue in Fiscal 2025.
ENDS