Nexus Select Trust to acquire GICPL for INR 1600 Cr

Nexus Select Trust board approved acquiring 100 percent of Galaxy Infra Creations Pvt Ltd (GICPL), which owns an under-construction 516k sq ft Grade-A mall and a 164-key Hyatt Regency Hotel in Guwahati. Deal value is INR 1600 Crores via a mix of cash and unit swap. Expected completion within 18 months. Marks the Trust's entry into East and Northeast India markets.