Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Blackstone Sponsor Group entities (BREP Asia SG Red Fort Holding and BREP Asia II Indian Holding Co IX) have extended the encumbrance period on their pledged units of Nexus Select Trust. The pledge on 109,513,706 units (7.23% of total outstanding units, 32.42% of the sponsor group's holding) has been extended from May 14, 2026 to September 22, 2028. There is no change in the number of units under pledge. The units are pledged in favour of Deutsche Bank AG, Mumbai Branch as Onshore Security Agent in connection with a facility agreement with NXST ML (NQ) Limited. The sponsor group collectively holds 337,792,801 units representing 22.30% of the trust's outstanding units.
The pledge extension suggests the sponsor group is maintaining its existing financing arrangement without adding or releasing encumbered units. For unit holders, this indicates continued stability in sponsor stake commitments, though the extended encumbrance period means these units remain locked in as collateral until September 2028.