Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust, through its manager Nexus Select Mall Management Private Limited, has informed the stock exchanges that a Board meeting is scheduled for Monday, December 1, 2025. The Board will consider and, if appropriate, approve raising funds by issuing listed, rated, redeemable, non-convertible debentures (NCDs). The issuance may happen in one or more transactions, series, or tranches, and will be offered to eligible investors approved from time to time. The intimation has been filed under Regulation 50(1) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. No specific amount or use of proceeds has been disclosed yet — those details are expected after the Board meeting.
This signals that the REIT is planning to raise additional debt, which could be used for asset acquisitions, refinancing existing borrowings, or general growth. While NCDs don't dilute equity holders, they will increase the Trust's debt obligations and interest expenses, so investors should watch for the quantum and purpose once the Board announces details on December 1.