Nexus Select Trust Allots ₹100 Cr Commercial Papers

Nexus Select Trust, through its manager Nexus Select Mall Management Private Limited, has approved the allotment of 2,000 units of listed, rated, redeemable, rupee denominated commercial papers. The aggregate principal amount is INR 100 Crores, with a face value of INR 5,00,000 per unit. These commercial papers have a tenure of 91 days, maturing on September 24, 2026, and were issued at a discount rate of 6.80%. The allotment was made on a private placement basis in dematerialised form. The commercial papers are proposed to be listed on the wholesale debt market segment of BSE Limited.