BSENexus Select TrustHighNegative
Announced Wed, 16 Sept, 2026 · 18:17 IST

Sponsor entity pledges 13 lakh more units; 100 percent of its holding now pledged

Pledge Above 50pctOwnership Changes View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

BREP Asia SG Forum Holding, a Sponsor Group entity of Nexus Select Trust, has pledged 13 lakh additional units with Deutsche Bank AG acting as security agent. Combined with a prior pledge from June 2026, all 34.9 million units (2.3 percent of total outstanding) held by this entity are now encumbered. The pledge secures a credit facility for NXST ML (NQ) Limited and runs until September 2028.

Likely market impact

Entire sponsor entity holding now pledged, but only 2.3 percent of total units affected. Monitor for further encumbrance changes.