Phoenix Tatva Proskauer and Travers Smith advise in Gategroups acquisition of 74 percent of Skygourmet Catering for 92 million

India Hospitality Corporation (IHC) has sold  74 percent of its interest in airline catering company Skygourmet Catering (Sky) to Gategroup. The deal valued at $92 million (Rs. 411 crore) will see the entry of global leaders in airline and onboard services Gategroup in the lucrative and fast growing airline catering market in India.