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The firm closed the offering — Distress Opportunity Fund I (PDOF I) with online participation from over 150 investors include high net worth individuals, family offices, retail and institutional investors including a Japanese family office, in two weeks. https://realty.economictimes.indiatimes.com/news/allied-industries/propshare-capital-raises-rs-80-crore-for-commercial-realty/76147815

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NBFC body Finance Industry Development Council (FIDC) has requested approval for ‘teaser’ kind of one-time restructuring scheme for all loans without provisioning, in a meeting with finance minister Nirmala Sitharaman via video-conference on Friday.   https://www.financialexpress.com/industry/nbfc-body-seeks-teaser-kind-of-one-time-loan-restructuring-scheme/1975570/

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SB Energy, renewable energy arm of SoftBank, has mandated Bank of America Merrill Lynch and Barclays to help raise $500-$750 million in SBG Cleantech — it’s 80:20 joint venture with Bharti, multiple people aware of the development said. https://economictimes.indiatimes.com/industry/banking/finance/softbank-bharti-jv-eyes-up-to-750-million-fund-raise/articleshow/76078064.cms

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Under the Maharashtra state road improvement project, two major district roads and 11 state highways, with combined length of 450 km will be upgraded to two-lane standard across seven districts. Read more at: https://economictimes.indiatimes.com/news/economy/infrastructure/adb-approves-usd-177-mn-loan-for-road-projects-in-maharashtra/articleshow/76069908.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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