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.
