IPO of TFS - First Day of Trading
Travel Food Services Limited, SSP's Indian joint venture, listed on Indian stock exchanges.
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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."
About TFS
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.