StockWatch
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Real Estate Investment Trusts (REITs)
Loan & Debt24 Jun 2026, 01:18 pm

Nexus Select Trust to Raise ₹100 Cr via Commercial Papers

AI Summary

Nexus Select Trust, through its manager Nexus Mall Management Private Limited, announced its Board of Directors has approved raising funds up to INR 100 Crores. The funds will be raised through the issuance of listed, rated, redeemable commercial papers on a private placement basis. This move aims to strengthen the trust's financial flexibility and support its growth initiatives. The approval was granted during a board meeting held on June 24, 2026.

Key Highlights

  • Nexus Select Trust plans to raise up to ₹100 Crores.
  • Funds will be raised via commercial papers.
  • Issuance will be on a private placement basis.
  • The move aims to enhance financial flexibility.