Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has fully redeemed its listed, secured, redeemable Non-Convertible Debentures (NCDs) under Series I – Tranche A, aggregating to ₹700 Crores, on December 16, 2025. The redemption was carried out by exercising the call option, ahead of the original maturity date. Along with the principal, the Trust also paid the quarterly interest amount of ₹11.61 Crores on the same date. A total of 70,000 NCDs were redeemed, leaving the outstanding amount under this tranche at Nil. This was followed up on the company's earlier intimation dated December 10, 2025 about the call option notice.
This is a positive development for debenture holders as they received both their principal and interest on time via the call option. For unit holders, the early repayment of ₹700 Crores of debt reduces the Trust's interest burden going forward, which could be marginally accretive to distributable income, though the cash deployment of proceeds will be key.