Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust informed the exchanges that four Sponsor Group entities — BREP Asia SG Forum Holding (NQ) Pte. Ltd., Wynford Investments Limited, SSIII Indian Investments One Ltd., and BRE Coimbatore Retail Holdings Ltd — have collectively pledged 228,005,666 units, which is 15.05% of the trust's total outstanding units. Each pledgor has pledged 100% of its individual unit holdings in favour of Deutsche Bank AG (acting as Onshore Security Agent for the lenders). The pledge was created on June 3, 2026 to secure the credit facility obligations of NXST ML (NQ) Limited under a facility agreement originally dated June 13, 2023 (amended on September 23, 2025) and will remain in force until September 23, 2028. The encumbrance value, computed at the NSE VWAP of Rs. 154.24 per unit, totals roughly Rs. 3,517 crore. The borrower has stated the funds were used for genuine business purposes outside India and did not bring any capital inflow into India.
While the pledge is described as securing an existing offshore credit facility, 100% of each pledgor's unit holdings are now encumbered, which is a high concentration of leverage at the sponsor group level. Investors should monitor for any signs of stress or potential invocation of the pledge, which could lead to forced unit sales and weigh on the unit price.