Nexus Select Trust Acquires Guwahati Mall & Hotel for ₹1600 Cr

Nexus Select Trust announced its plan to acquire 100% equity stake in Galaxy Infra Creations Pvt. Ltd. (GICPL) for INR 1600 Crores. GICPL owns a Grade-A mall with approximately 516k sq. ft. Gross Leasable Area and a 164-key Hyatt Regency Hotel, both currently under construction in Guwahati. This acquisition marks Nexus Select Trust's entry into East and Northeast India's consumption markets. The consideration will be a mix of cash and unit swap, with completion expected within 18 months. The transaction is not considered a related party transaction.