Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has completed buying the remaining 0.55% stake (12,926 equity shares) in its subsidiary Euthoria Developers Private Limited (EDPL) for Rs. 10 crore in cash, taking its holding to 100%. The shares were acquired from sponsor group entity SSIII Indian Investments One Ltd., after the regulatory lock-in expired on September 30, 2025. EDPL owns two mall properties - Nexus Ahmedabad One and Nexus Amritsar - and posted a turnover of Rs. 23.28 crore in FY25, up from Rs. 22.27 crore in FY24. This is a related party transaction executed at arm's length, with no additional regulatory approvals required.
This is a small internal consolidation that gives the Trust full ownership of the SPV holding two of its mall assets, simplifying the corporate structure and eliminating any minority interest. The Rs. 10 crore outflow is minor relative to the Trust's size, so the impact on unitholders is largely structural rather than financial.