Dalmia Cement (Bharat) and Jaiprakash Associates Cement Business Deal: The Indian business world is buzzing with a massive corporate move that is set to shake up the construction and manufacturing sectors. In a strategic expansion, Dalmia Cement (Bharat) Limited has successfully acquired a major cement business from Jaiprakash Associates Limited. This high-profile transaction brings a…
Arvind Limited, a prominent name in the Indian textile and apparel industry, has successfully raised approximately ₹500 crore through a financial mechanism known as a Qualified Institutions Placement (QIP). This corporate move involved issuing 99,00,990 new equity shares to eligible institutional investors. By opening up this share placement, the company was able to secure substantial capital directly from the market, achieving full subscription from interested Qualified Institutional Buyers (QIBs).
US Court Drops Charges Against Gautam Adani and Others: A United States court has officially dismissed securities and wire fraud charges against Indian billionaire Gautam Adani and two other executives, bringing a high-profile criminal proceeding to a sudden close.
Adani Energy Solutions Limited—India’s largest private-sector transmission company and a dominant force in energy distribution, smart metering, and cooling solutions—has successfully secured ₹3,500 crore through a stock market mechanism known as a Qualified Institutions Placement (QIP). The offering drew extraordinary demand from institutional investors, resulting in an oversubscription of more than three times.
Sona Comstar Denso EV Partnership: The global transition towards sustainable transport has taken a massive leap forward. Indian auto component maker Sona Comstar has announced a landmark strategic partnership with Japan’s DENSO Corporation. This collaboration aims to reshape the future of clean transport by establishing two joint ventures focused on developing and manufacturing advanced electric and hybrid powertrain systems.
AMD Inc. Acquires MEXT Corporation to boost Data Center and AI Business: In a major move to bolster its artificial intelligence and high-performance computing capabilities, semiconductor giant Advanced Micro Devices, Inc. (AMD) has officially acquired MEXT Corporation. The strategic buyout aims to integrate cutting-edge memory optimization technologies directly into AMD’s expanding portfolio, giving businesses the tools they need to run heavy data applications faster and more efficiently.
At the heart of this massive transaction is Eqyizen Investment Private Limited, a promoter group entity of the SP group. Eqyizen raised the funds through the issuance of unrated, unlisted, secured, zero-coupon, redeemable non-convertible debentures (NCDs).
The breakthrough became official when the final engine was successfully realized, assembled, and delivered to GTRE by its manufacturing partner, Hyderabad-based Azad Engineering.
Gautam Adani US Court Case: A high-profile legal drama in a New York federal court has taken an unexpected turn. A United States federal judge has publicly questioned the Department of Justice’s (DOJ) sudden push to drop its $250 million criminal bribery case against Indian billionaire Gautam Adani and seven others.
Khaitan and Company, Trilegal Advise on Sprng Energy’s Acquisition by Aditya Birla: In one of the largest and most significant mergers and acquisitions (M&A) the Indian renewable energy sector has ever seen, Aditya Birla Renewables Limited (ABRen) has signed a definitive agreement to acquire 100% of the Sprng Energy group of companies from oil major Shell plc.
Paras Healthcare IPO: The Indian healthcare sector is gearing up for another major stock market debut. Paras Healthcare Limited, a well-known multi-specialty healthcare provider, has officially initiated its journey toward the public markets. The company has filed its Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), for an initial public offering (IPO) expected to be valued up to ₹1,800 crore.
Securing ₹2,000 crore gives Craftsman a massive war chest to expand its factories, pay down debt, or invest in new green technologies for the future of the automotive industry.
Kimbal Series B Funding: Imagine a world where your city’s power grid never blinks, your electricity usage is tracked perfectly in real-time, and renewable energy flows smoothly into massive batteries, ready for when the sun goes down. That future just got a whole lot closer.
Airtrunk’s $30 billion investment in hyperscale cloud data centres in India: NEW DELHI — In a move that highlights the shifting gravity of the global digital landscape, hyperscale data centre giant AirTrunk has announced a massive planned investment of approximately ₹3 lakh crore ($30 billion) to develop 5 gigawatts (GW) of data centre capacity across India.
The scheme aims to impact approximately 2.07 lakh vehicles, comprising 1.91 lakh trucks and 16,329 buses currently operating under BS-IV or older emission norms. However, the rules of engagement vary depending on the age of the vehicle and the specific region.
NIIF Infrastructure Finance’s ₹1,200 Crore Refinancing of Vijaypur Tollway Private Limited: Mumbai: JSA Advocates & Solicitors has advised NIIF Infrastructure Finance Limited on the extension of a ₹1,200 crore (approximately USD 126.7 million) term loan facility to Vijayapura Tollway Private Limited, marking a significant refinancing transaction in India’s infrastructure sector.
JSW Sambalpur Steel Limited Wins ₹12,000 crore SBI Funding for Bhushan Power & Steel Limited: Mumbai: In a significant boost to India’s steel sector, JSW Sambalpur Steel Limited has secured a ₹12,000 crore term loan facility from State Bank of India to part-finance its acquisition of the steel business of Bhushan Power & Steel Limited. The transaction was advised by Khaitan & Co.
CAE and InterGlobe’s Pilot Training Centre:Mumbai: CAE Simulation Training Private Limited (CSTPL), a joint venture between CAE and InterGlobe Enterprises, has officially opened its fourth advanced pilot training centre in India. Located in Mumbai, the new 44,000-square-foot facility aims to bolster the country’s growing aviation training sector and expand domestic pilot training capacity.
Rheinmetall Will Satellite Test Centre in Andøy Municipality in Norway: Rheinmetall Nordic AS and the Norwegian municipality of Andøy have signed a Letter of Intent (LOI) to establish the Rheinmetall Integrated Process Facility (RhIPF) at Prærien Business Park in Andenes. This new facility is set to serve as a satellite test centre, playing a key role in strengthening the growing space and defence industry cluster at Andøya.
In a move to support India’s growing Micro, Small, and Medium Enterprises (MSMEs), the government has introduced significant modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME). These changes are in line with the vision set out in Budget 2025-26, aiming to promote the country’s manufacturing and export sectors. The revamped scheme is designed to facilitate easier access to credit for MSMEs, with a focus on exporters and manufacturers looking to purchase plant and machinery.
SAMHI Hotels Limited has announced its plan to acquire a 70% majority stake in RARE India, marking a significant expansion into the experiential leisure segment. The acquisition represents a strategic move by SAMHI Hotels to diversify its portfolio and tap into the growing demand for heritage hotels, retreats, and experiential stays.
Cyril Amarchand Mangaldas (CAM) has played a key role in advising the Ministry of Petroleum and Natural Gas on the drafting of the Petroleum and Natural Gas Rules, 2025 (“Rules”), following the introduction of the Oilfield (Regulation and Development) Amendment Act, 2025. The new legislation introduces significant changes to the petroleum sector, including the requirement for obtaining a petroleum lease as a prerequisite for conducting petroleum operations and empowering the Ministry to formulate comprehensive rules covering multiple aspects of the industry.
Exponent Energy Funding: Bengaluru, India – Exponent One, the financing arm of Exponent Energy, has successfully raised $2 million in a pre-seed fundraise, with the round led by AdvantEdge. This funding is set to fuel the company’s mission to transform the electric vehicle (EV) landscape for commercial drivers and fleet operators.
Founded by a team of IIT and Stanford alumni, Truva is a Mumbai-based proptech platform focused on simplifying the home-buying process. The platform curates exclusive properties and offers services like assured prices and market rent to facilitate faster property sales.
Ace Aviation In a major development in India’s aviation insolvency landscape, Malta-based Ace Aviation has signed Sale and Purchase Agreements for three Boeing 777-300ER aircraft previously owned by Jet Airways.
The divestment aligns with United Spirits’ ongoing portfolio rationalisation and operational optimisation strategy.
EverBrands India Private Limited, the Indian operator of Subway, has raised $15 million in a funding round led by Playbook Partners.
Carlyle Group acquires majority stake in Nido Home Finance: In a strategic move to bolster the affordable housing finance sector in India, CA Sardo Investments, an affiliate of The Carlyle Group, has announced the acquisition of a 73% majority stake in Nido Home Finance for ₹2,100 crore (approximately $252 million).
Aica Kogyo Acquires Stylam Industries: Japanese conglomerate Aica Kogyo Company Limited has acquired a controlling stake of up to 53.12% in Stylam Industries Limited in a transaction valued at approximately $225 million. The acquisition was carried out through secondary purchases from existing promoters and triggers a mandatory open offer under Indian takeover regulations.
IFC Invests Rs 415 Crores in GFL Subsidiary GFCL EV Products Limited: Khaitan & Co has advised Gujarat Fluorochemicals Limited (GFL) and its subsidiary, GFCL EV Products Limited, on an equity investment of approximately $50 million (around ₹415 crore) by the International Finance Corporation (IFC). The investment marks IFC’s first foray into India’s battery-materials sector…
BluPine Energy Private Limited: JSA Advocates & Solicitors has advised on a greenfield project financing of approximately ₹2,416.6 crore ($290.53 million) for a 150 MW firm and dispatchable renewable energy (FDRE) project being developed by BluPine Energy Private Limited in Karnataka.
Baashyaam Acquires Haddows Road: December 6, 2025, Chennai, India: Baashyaam Group has successfully acquired the Haddows Road property in Nungambakkam, Chennai, from Standard Chartered Bank’s subsidiary, Standard Chartered Global Business Services Private Limited. The transaction, valued at approximately ₹1,200 crore (USD 144 million), marks a significant expansion for Baashyaam Group in one of Chennai’s prime commercial locations.
Jindal Power Acquires Jhajjar Thermal Plant in Haryana: New Delhi, November 3, 2025: In one of the largest recent transactions in India’s thermal power sector, Jindal Power Limited (JPL) has completed the acquisition of 100% shareholding in Jhajjar Power Limited (JPLtd), which operates a 1,320 MW coal-based thermal power plant in Jhajjar, Haryana.
Emirates NBD Set to Acquire 60% Stake in RBL Bank in Landmark Deal: Mumbai, India – October 24, 2025 – In a historic move, Emirates NBD, one of the largest banking groups in the UAE, is set to acquire a 60% majority stake in India’s RBL Bank for ₹26,850 crore. This landmark transaction, marking the…
Asahi India Glass Limited has made a qualified institutions placement of 1,18,37,261 equity shares aggregating to ~₹1,000 crore. AZB & Partners represented the company in the transaction. The deal team comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya, assisted by Senior Associate Rajat Chadha and Associates Harsh Vardhan Singh, Vaibhav Kumar Shah, Shivani Singh, and Asit Singh Baghel.
Pepagora Completes Strategic Fundraising and Restructuring Exercise: In a significant development for Pepagora, a leading B2B marketplace connecting verified suppliers, buyers, and partners worldwide, the company has successfully completed a strategic fundraising round and undergone a group restructuring exercise. Water & Shark Legal served as the legal counsel for the marketplace throughout these pivotal stages, providing essential legal and strategic advisory services.
Trilegal, Saraf and Partners, Crawford Bayley & Co Adivse on Electronics Bazaar’s ₹460 Crore IPO: MUMBAI — GNG Electronics Limited, operating under the popular brand “Electronics Bazaar,” has made a stunning debut on the stock market, with its ₹460.435 crore initial public offering (IPO) receiving an overwhelming response from investors. As India’s largest refurbisher of…
Strategic Move Advised by SAM & Arthur Cox Marks REIT’s First Third-Party Expansion: Hyderabad, India – In a significant expansion of its real estate portfolio, Mindspace Business Parks REIT has successfully acquired Q-City, a prominent IT Park in Hyderabad, for a reported price of ₹512 crore ($61.4 million USD). The transaction, which marks Mindspace’s first third-party acquisition outside of its existing portfolio parks, was a complex deal requiring extensive legal and advisory support from both Indian and international firms.
JSW One MSME, Firm Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise: MUMBAI — JSW One Platforms Limited, widely known as JSW One MSME, has officially joined the ranks of India’s unicorns after successfully completing a ₹500 crore pre-IPO capital raise. This significant funding round pushes the company’s valuation past the $1 billion mark, cementing its position as a major player in the country’s B2B e-commerce landscape.
CCI Dismisses Bid-Rigging Allegations in Coal Block Auctions, Citing Lack of Evidence and Delay: New Delhi — The Competition Commission of India (CCI) has dismissed a major complaint alleging cartelisation and bid-rigging by several prominent corporate groups, including Adani Enterprises, the RP-Sanjiv Goenka Group, Vedanta, Hindalco, UltraTech, and Jindal Power, in coal block auctions spanning…
