Sponsors pledge 15.05% units in Nexus Select Trust to secure credit facility
Sponsor entities of Nexus Select Trust Reit have pledged 228,005,666 units (15.05%) to secure a credit facility for NXST ML (NQ) Limited. The pledge was created on June 3, 2026, in favour of Deutsche Bank AG. The encumbrance covers 100% of the units held by the four sponsor entities and is valid until September 23, 2028.
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Sponsor entities of Nexus Select Trust Reit have pledged 228,005,666 units, representing 15.05% of the total outstanding units, to secure obligations related to a credit facility. The pledge was created on June 3, 2026, in favour of Deutsche Bank AG acting as the onshore security agent for the lenders. This encumbrance secures the obligations of NXST ML (NQ) Limited, the borrower, under a facility agreement originally dated June 13, 2023, and amended on September 23, 2025.
The disclosure was made pursuant to Regulation 7(2)(b) read with Regulation 6(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and Regulation 12.3.1 of the SEBI Master Circular for Investment Trusts (REITs) bearing reference number SEBI/HO/DDHS-PoD-2/P/CIR/2025/99 dated July 11, 2025. The pledge agreement was entered into by the pledgors and the onshore security agent. The credit facility amounts have been utilized for genuine business purposes of the pledgors outside India and have not resulted in any capital inflow into India.
Pledged Entities
The four sponsor and sponsor group entities that created the pledge are BREP Asia SG Forum Holding (NQ) Pte. Ltd., Wynford Investments Limited, SSIII Indian Investments One Ltd., and BRE Coimbatore Retail Holdings Ltd. The total encumbrance covers 100% of the units held by these entities. The period of the encumbrance is set until September 23, 2028, subject to the provisions of the facility agreement.
Breakdown of Pledged Units
The following table details the units pledged by each entity as of June 3, 2026:
| Name of Sponsor Group Entity | No. of Units Held | % of Total Outstanding Units | No. of Units Encumbered | Units Encumbered as % of Total Held |
|---|---|---|---|---|
| BREP Asia SG Forum Holding (NQ) Pte. Ltd. | 45,609,064 | 3.01% | 45,609,064 | 100% |
| Wynford Investments Limited | 91,505,669 | 6.04% | 91,505,669 | 100% |
| SSIII Indian Investments One Ltd. | 70,386,051 | 4.65% | 70,386,051 | 100% |
| BRE Coimbatore Retail Holdings Ltd | 20,504,882 | 1.35% | 20,504,882 | 100% |
| Total | 228,005,666 | 15.05% | 228,005,666 | 100% |
The disclosures were submitted to the exchanges on June 5, 2026, by Vijay Kumar Gupta, General Counsel, Company Secretary and Compliance Officer of Nexus Select Mall Management Private Limited, the manager of the trust.
Historical Stock Returns for Nexus Select Trust REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.48% | -0.58% | -1.27% | -3.57% | +14.28% | +48.98% |
How will this significant pledge of sponsor units impact the liquidity and trading volume of Nexus Select Trust REIT on the open market?
What are the potential implications for unit prices if the borrowers face difficulties meeting their obligations before the encumbrance expires in September 2028?
Will the sponsors need to pledge additional units if the credit facility requires further amendments or increases before the maturity date?
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