Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has informed the stock exchanges about a Board of Directors meeting scheduled for Thursday, June 19, 2025. The Board will consider, and if appropriate, approve raising funds by issuing listed, rated, redeemable non-convertible debentures (NCDs) and/or commercial papers. The fundraise may happen in one or more transactions, series, or tranches, and will be offered to eligible investors as approved from time to time. This is filed as a prior intimation under SEBI's Listing Obligations and Disclosure Requirements (Regulation 50(1)). No specific amount, timing, or use of funds has been disclosed yet.
This is only an advance notice that debt raising is on the table — no decision has been made or amount announced. For unit holders, it signals possible additional borrowing by the Trust, which could affect leverage and interest costs once details emerge, but there is no immediate impact on unit price or unitholder economics from this filing alone.