Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Manager of Nexus Select Trust (Nexus Select Mall Management Pvt Ltd) approved the allotment of 3,000 listed, rated, redeemable commercial papers with a face value of INR 5 lakh each, aggregating to INR 1,500 million (~Rs 150 crore). The CPs were issued at a discount of 6.18% per annum for a short tenure of 87 days, maturing on February 5, 2026. The instruments were privately placed and will be listed on BSE's wholesale debt market segment. This builds on earlier board approvals from March 2024 and July 2024 for CP issuance limits of INR 1,000 million and INR 5,000 million respectively.
This is a routine short-term debt raise and does not dilute unit holders. The trust borrows at a market-rate discount of 6.18% for under 3 months, suggesting normal working capital or refinancing activity with negligible impact on unit price or distributions.