Nexus Select Trust approved the allotment of commercial papers worth ₹250 crore on September 24, 2026. The borrowing committee authorized two distinct tranches of short-term debt instruments to be issued via private placement.

The first tranche comprises 3,000 units with a face value of ₹5 lakh each, aggregating to ₹150 crore. These instruments have a tenure of 54 days and mature on November 17, 2026. The second tranche consists of 2,000 units, also with a face value of ₹5 lakh each, totaling ₹100 crore. This portion has a shorter tenure of 43 days, with maturity scheduled for November 6, 2026.

Issue structure and pricing

Both tranches were allotted at a discount rate of 6.35%. The instruments are listed, rated, redeemable, and rupee-denominated. They were issued in dematerialized form in accordance with the disclosure document dated September 22, 2026. The commercial papers are proposed to be listed on the wholesale debt market segment of BSE Limited.

Procedural approval

The decision was passed through a resolution by circulation by the Borrowings Committee of Nexus Select Mall Management Private Limited, acting as the manager to the trust. The resolution was effective Thursday, September 24, 2026. Vijay Kumar Gupta, Company Secretary and Compliance Officer, signed the regulatory filing confirming the allotment.

Nexus Select Trust REIT held a one-on-one meeting with institutional investors on September 21, 2026. The session allowed senior management to engage directly with stakeholders regarding the trust’s operations.

This engagement followed a similar investor interaction held on September 18, 2026. Both meetings were conducted in a focused format to facilitate dialogue between the trust’s leadership and its institutional investor base.

Meeting Details

The September 21 event was specifically identified as the J.P. Morgan India Conference. Senior management personnel from Nexus Select Mall Management Private Limited, the manager to the trust, participated in the discussions. The format enabled targeted conversations on operational and strategic matters relevant to the trust's performance and outlook.

The disclosure was issued by Vijay Kumar Gupta, General Counsel, Company Secretary and Compliance Officer of the trust. The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited on September 21, 2026.