Nexus Select Trust acquires Galaxy Infra for ₹1,600 crore
- Nexus Select Trust acquires 100% stake in Galaxy Infra Creations for ₹1,600 crore
- Deal includes Grade-A mall (516k sq. ft.) and Hyatt Regency Hotel in Guwahati
- Payment structure combines cash and unit swap, subject to closing adjustments
- Acquisition marks entry into Northeast India real estate market
- Target entity reported ₹0.288 crore revenue in FY25
*this image is generated using AI for illustrative purposes only.
Nexus Select Trust has approved the acquisition of a 100% equity stake in Galaxy Infra Creations Pvt. Ltd. (GICPL) for ₹1,600 crore. The board meeting on September 9, 2026, sanctioned the Share Purchase Agreement to expand the trust’s footprint in Northeast India.
The target entity owns a Grade-A mall with approximately 516,000 sq. ft. of Gross Leasable Area and a 164-key Hyatt Regency Hotel in Guwahati. Both assets are currently under construction.
Deal Structure
The total consideration is subject to customary closing adjustments. The payment structure comprises a combination of cash and unit swap. The trust will acquire 56,39,300 equity shares with a face value of ₹10 each.
| Parameter | Details |
|---|---|
| Target Entity | Galaxy Infra Creations Pvt. Ltd. |
| Consideration | ₹1,600 crore |
| Payment Mode | Cash and unit swap |
| Assets Acquired | Grade-A mall (516k sq. ft.), Hyatt Regency Hotel |
| Location | Guwahati, Assam |
Strategic Rationale
This acquisition marks the first step in Nexus Select Trust’s strategy to build presence in high-potential consumption markets across East and Northeast India. Guwahati serves as an attractive entry point into the region. The deal is not classified as a related-party transaction, and no sponsor or group company holds an interest in GICPL.
Financial Profile of Target
GICPL was incorporated on September 3, 2013, and operates in the real estate sector. Its paid-up capital stands at ₹5.64 crore. Revenue figures indicate minimal operational activity prior to this development phase.
| Fiscal Year | Revenue (₹ crore) |
|---|---|
| FY25 | 0.288 |
| FY24 | 0.005 |
| FY23 | 1.094 |
What the Numbers Show
The enterprise value of ₹1,600 crore contrasts sharply with GICPL’s audited revenue of ₹0.288 crore in FY25. This valuation reflects the underlying asset value of the under-construction Grade-A mall and hotel rather than current operating cash flows. The revenue spike from ₹0.005 crore in FY24 to ₹0.288 crore in FY25 suggests initial project-related income recognition.
Timeline and Approvals
The acquisition is tentatively expected to complete within 18 months. No governmental or regulatory approvals are required for the transaction. The valuation report will be uploaded separately on the trust’s website.
Historical Stock Returns for Nexus Select Trust REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.16% | -0.05% | -0.54% | +7.07% | +13.56% | 0.0% |
How will the integration of the Guwahati assets impact Nexus Select Trust's overall portfolio yield and occupancy rates once construction is complete?
What are the specific risks associated with acquiring under-construction assets in Northeast India, and how does the 18-month completion timeline mitigate or exacerbate these risks?
Given the significant disparity between GICPL's minimal revenue and the ₹1,600 crore valuation, what key assumptions drive the projected cash flows for the mall and hotel?
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