Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Four Sponsor Group entities of Nexus Select Trust (a REIT listed on BSE and NSE) have collectively pledged 228,005,666 units, equal to 15.05% of total outstanding units, in favour of Deutsche Bank AG acting as the Onshore Security Agent. The pledge was created on June 3, 2026, to secure credit facility obligations of NXST ML (NQ) Limited (the Borrower) under an existing Facility Agreement. Each of the four pledgors has pledged 100% of their individual unit holdings: BREP Asia SG Forum Holding (3.01%), Wynford Investments (6.04%), SSIII Indian Investments One (4.65%), and BRE Coimbatore Retail Holdings (1.35%). The encumbrance runs until September 23, 2028, and the borrowed funds were used for business purposes outside India with no capital inflow into the country.
No change in beneficial ownership or dilution for existing unitholders, since this is a pledge creation by sponsors rather than a sale or transfer. However, investors should watch for any signs of stress on the underlying facility, as a default could trigger invocation of the pledge and potential change in unitholding or market overhang.