Board to consider, if deemed appropriate, approving fund raise of up to INR 2,050 Crores

Nexus Select Trust's manager has called a board meeting on Monday, October 12, 2026.

Mon 5 Oct 2026

Board Meeting Date

Monday, October 12, 2026

Proposed Fund Raise Amount

up to an aggregate principal amount of INR 2,050 Crores

Modes Under Consideration

listed, rated, redeemable non-convertible debentures, term loans, and any other permissible mode of raising debt including commercial papers

What the update says

Nexus Select Mall Management Private Limited, the Manager to Nexus Select Trust, has given prior intimation of a board meeting scheduled for Monday, October 12, 2026. The meeting is to consider, and if deemed appropriate approve, the raising of funds by the Trust and/or its SPVs up to an aggregate principal amount of INR 2,050 Crores.

The routes mentioned

• Issuance of listed, rated, redeemable, non-convertible debentures in one or more transactions, and/or in one or more series and/or tranches to eligible investor(s).
• Availing of term loans.
• Any other permissible mode of raising debt, including issuance of commercial papers.

The terms and conditions would be as approved from time to time.

Points a unitholder may note

• The board is meeting to consider the proposal; the update says approval would follow only "if deemed appropriate".
• The INR 2,050 Crores is the aggregate principal amount up to which funds may be raised, across the Trust and/or its SPVs.
• The update sets out the possible instruments but not the split between them.
• The Trust already has non-convertible debentures and commercial papers listed, as indicated by the scrip codes mentioned for NCDs and CPs.

How it reads

The intimation points to a possible debt fund raise, with the instrument mix and pricing to be decided by the board. Whether and how much is actually raised, and on what terms, would be known only from later disclosures.

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