Nexus Select Trust has successfully completed the acquisition of the remaining 0.55% equity shareholding in Euthoria Developers Private Limited (EDPL) for ₹10.00 crores on December 26, 2025. This strategic acquisition brings the Trust's ownership in EDPL to 100%, consolidating its control over the special purpose vehicle that owns key mall properties.

Transaction Details

The acquisition involved the purchase of 12,926 equity shares of ₹10.00 each from SSIII Indian Investments One Ltd., a sponsor group entity. The shares were previously under regulatory lock-in until September 30, 2025, and the Trust exercised its option to acquire them following the expiry of this restriction.

About Euthoria Developers Private Limited

EDPL, incorporated on August 8, 2012, operates as a real estate company with its registered office in Ahmedabad, Gujarat. The company owns and operates two significant mall properties: Nexus Ahmedabad One in Ahmedabad and Nexus Amritsar in Amritsar.

Financial Performance

EDPL has demonstrated consistent revenue growth over the past three financial years:

Regulatory and Strategic Context

The acquisition qualifies as a related party transaction under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. The transaction was conducted on an arm's length basis, with EDPL being a subsidiary of the Trust and SSIII Indian Investments One Ltd. being a sponsor group company.

The acquisition aligns with the Trust's business objectives and requires no additional governmental or regulatory approvals. The cash consideration of ₹10.00 crores was paid on the completion date, finalizing the Trust's complete ownership of EDPL and its valuable mall properties in Ahmedabad and Amritsar.

Nexus Select Trust has successfully completed the redemption of its Non-Convertible Debentures (NCDs) worth ₹700.00 crore following the exercise of call option on December 16, 2025. The trust confirmed completion of all required payments to debenture holders and submitted the mandatory regulatory report under SEBI regulations.

Debenture Redemption Details

The trust redeemed 70,000 Series I Tranche A Debentures in full on December 16, 2025, as scheduled. These debentures carry the ISIN INEONDH07019 and scrip code 974908 on BSE. The redemption was executed according to the terms outlined in the Debenture Trust Deed executed on June 14, 2023, between the trust and Catalyst Trusteeship Limited as the debenture trustee.

Payment Structure

Each debenture was redeemed at ₹1,01,658.14, comprising both principal and accrued interest components.

Regulatory Compliance

Nexus Select Trust submitted the mandatory report under Regulation 15(9) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and Regulation 57 of SEBI LODR Regulations. The report confirmed that interest payment and redemption payment were made as scheduled, with the last interest payment date being September 30, 2025.

Stakeholder Communication

The trust had previously issued notices to all relevant parties, including debenture trustee Catalyst Trusteeship Limited and multiple debenture holders comprising financial institutions and mutual funds such as Aditya Birla Sun Life Trustee Private Limited, DSP Low Duration Fund, ICICI Prudential Short Term Fund, HDFC Bank Limited Custody Operations, and other institutional investors.

The successful completion of this ₹700.00 crore debenture redemption demonstrates Nexus Select Trust's commitment to honoring its debt obligations. The transaction was managed through Nexus Select Mall Management Private Limited, with Vijay Kumar Gupta, General Counsel and CS Compliance Officer, overseeing the regulatory compliance aspects.