Mauritius Court Watch: The Mauritius Supreme Court has halted Chappal Energies’ planned US$100m rights issue, pending an urgent application before the London Court of International Arbitration, after a dispute over whether the move would let a minority shareholder linked to Adebisi Adebutu take near-85% control. Indian Ocean Diplomacy: India’s PM Narendra Modi’s Seychelles visit (June 27-29) delivered nine MoUs and a US$175m package, including a UPI deployment agreement and digital banking cooperation, underscoring India’s push to deepen ties in the Indian Ocean. Regional Trade & Growth: India’s commerce minister Piyush Goyal said exports rose 15% year-on-year in FY27 Q1 and urged firms to expand abroad to hit the $1tn exports target. Digital Payments Expansion: UPI is rolling out internationally—now in Greece—while NPCI partnerships with HSBC India and JPMorgan Payments aim to show real-time rupee costs for overseas UPI FX payments. Local Business & Finance: Mauritius-based fintech and corporate services developments continue, including a report on Emirates’ next-generation lounge rollout that lists Mauritius among upcoming locations. Venture & Jobs: Launch Africa Ventures exited its Peach Payments exposure to the 27four Nebula Fund, highlighting growing secondary liquidity in African fintech.