Nexus Select Trust Considers Fundraising via NCDs to Fuel Expansion

Inside the announcement  
According to corporate filings and market disclosures, Nexus Select Trust plans to issue NCDs in one or more tranches. Of the total proceeds, up to ₹4.8 billion may be directed toward acquisitions or investments, while ₹1 billion could be extended to SPVs through shareholder debt, equity infusion, or subscription to securities.  

The move reflects the REIT’s strategy to diversify funding sources and strengthen its balance sheet amid rising demand for organized retail spaces in India. Backed by Blackstone, Nexus Select Trust manages a portfolio of premium shopping malls and mixed-use properties across major cities, and the proposed issuance is expected to reinforce its growth trajectory.  

Notable updates  
• Nexus Select Trust to raise up to ₹5.5 billion via NCDs  
• Funds earmarked for acquisitions and SPV investments  
• Issuance to be listed, rated, and redeemable in tranches  
• Strengthens capital structure and supports retail expansion strategy  
• Reinforces REIT’s position in India’s organized retail real estate sector  

Major takeaway  
The proposed NCD issuance highlights Nexus Select Trust’s proactive approach to capital management. By tapping debt markets, the REIT aims to secure long-term funding, expand its retail footprint, and deliver sustained value to investors.  

Sources: Business Standard, MarketScreener