Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust, a listed REIT, has allotted Non-Convertible Debentures (NCDs) worth a total of INR 700 Crores on a private placement basis. The allotment was approved by the Borrowing Committee on December 15, 2025, following the Board's earlier approval on December 1, 2025. The issuance is split into two tranches: Series IV-Tranche A of INR 500 Crores (50,000 NCDs) and Series IV-Tranche B of INR 200 Crores (20,000 NCDs), each with a face value of INR 1,00,000. The NCDs are listed, rated, secured, and redeemable, and will be listed on BSE. This is part of the Trust's broader borrowing plan disclosed earlier in December 2025.
The INR 700 Crore NCD raise adds to the Trust's existing debt and will be used as per the earlier board approval, likely for refinancing or expansion purposes. For unitholders, this means higher leverage but also potentially more assets or improved financial flexibility, depending on the end use of funds.