Nexus Select Trust Announces Multi-Pronged Fundraising and Strategic Acquisition Plan

Nexus Select Trust is undertaking significant financial and strategic initiatives to enhance its portfolio and capital base. The trust is set to raise ₹2.25 billion through commercial papers, aiming to optimize short-term funding under cost-effective terms.

In parallel, the trust plans to issue non-convertible debentures (NCDs) worth ₹7 billion, signaling confidence in durable, long-term fundraising to support expansion and asset acquisition efforts.

One of the core growth moves includes the proposed acquisition of a 60,000 square feet commercial property situated near Nexus Elante Mall, a prominent retail and commercial hub. This acquisition is expected to increase Nexus Select Trust’s footprint in the region, boosting rental income potential and asset diversification.

Together, these steps underscore Nexus Select Trust’s commitment to leveraging opportunities in prime urban real estate and strengthening its financial foundation through diversified capital instruments.

Key Highlights:

Raising ₹2.25 billion via commercial papers for short-term liquidity

Issuing ₹7 billion in non-convertible debentures for long-term funding

Proposed acquisition of 60,000 sq.ft. property near Nexus Elante Mall

Strategic focus on expanding high-quality urban real estate assets

Fundraising aimed at enhancing portfolio growth and operational flexibility

Positions Nexus Select Trust for sustainable income and asset diversification

Source: Nexus Select Trust official disclosures, NSE filings, Business Standard