BSENexus Select TrustMediumNeutral
Announced Wed, 24 Jun · 13:17 IST

Nexus Select Trust board approves up to Rs 100 Cr commercial paper issuance

Fund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust's board approved raising up to Rs 100 Crores through the issuance of listed, rated, redeemable commercial papers on a private placement basis. The CPs will be issued in dematerialised form, in one or more transactions, series, or tranches, to eligible investors as may be approved from time to time. The board meeting was held on June 24, 2026.

Likely market impact

Diversifies the Trust's short-term funding sources; size of Rs 100 Cr is modest relative to the Trust's overall scale.