Travel Food Services get Sebi’s approval to launch Rs 2,000-cr IPO

Travel Food Services, operating QSRs and lounges across Indian and Malaysian airports, has received SEBI’s approval for a Rs 2,000-crore IPO. The IPO is entirely an offer-for-sale by the Kapur Family Trust. The company, with a diverse F&B portfolio, reported a revenue of Rs 409.86 crore and a profit of Rs 59.55 crore for the quarter ended June 30, 2024.

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