Nexus Select Trust Board Approves Leadership Change & ₹2050 Cr Fundraising

Nexus Select Trust's Manager, Nexus Select Mall Management Private Limited, held a board meeting on October 12, 2026. The board approved the resignation of Mr. Dalip Sehgal as Executive Director & CEO, effective December 31, 2026, and appointed Mr. Siddharth Nawal as MD & CEO Designate from October 12, 2026, transitioning to MD & CEO from January 1, 2027. Additionally, the Trust approved raising funds up to ₹750 Crores via NCDs, ₹1080 Crores via Term Loan from SBI for refinancing and corporate purposes, and up to ₹220 Crores via Commercial Papers. This indicates strategic financial management and leadership transition.