Nexus Select Trust Allots ₹150 Cr Commercial Papers

Nexus Select Trust, through its manager Select Mall Management Private Limited, has approved the allotment of 3000 units of listed, rated, redeemable, rupee denominated commercial papers. The aggregate principal amount is ₹150 Crores, with a face value of ₹5,00,000 per unit. These commercial papers have a tenure of 59 days from the allotment date of July 27, 2026, and will mature on September 24, 2026. The allotment is on a private placement basis at a discount rate of 6.85%. The commercial papers are proposed to be listed on the wholesale debt market segment of BSE Limited. This move aims to raise funds for the trust's operations and investments.