Nexus Select Trust releases pledge on 12M units held by BREP Asia
- BREP Asia SG Forum Holding released a pledge on 12,000,000 units of Nexus Select Trust
- The release became effective on September 4, 2026
- Original pledge covered 228,005,666 units created in June 2026
- Disclosure made under SEBI Master Circular for REITs dated July 11, 2025
*this image is generated using AI for illustrative purposes only.
BREP Asia SG Forum Holding (NQ) Pte. Ltd. has released a pledge on 12,000,000 units of Nexus Select Trust , effective September 4, 2026. The disclosure was made to the National Stock Exchange and BSE Limited in compliance with SEBI regulations.
The release pertains to units held by the sponsor group entity. It follows a pledge creation disclosed in June 2026, which involved multiple pledgors securing obligations for NXST ML (NQ) Limited.
Pledge Details
The original pledge was created on June 3, 2026, over 228,005,666 units held by four entities: BREP Asia SG Forum Holding (NQ) Pte. Ltd., Wynford Investments Limited, SSIII Indian Investments One Ltd., and BRE Coimbatore Retail Holdings Ltd.
These units were pledged in favor of Deutsche Bank AG, acting as the onshore security agent for lenders under a facility agreement dated June 13, 2023. The agreement was amended and restated on September 23, 2025.
Regulatory Compliance
Nexus Select Mall Management Private Limited, the manager of the trust, filed the disclosure under Regulation 12.3.1 of Chapter 12 of the SEBI Master Circular for Real Estate Investment Trusts. The circular bears reference number SEBI/HO/DDHS-PoD-2/P/CIR/2025/99, dated July 11, 2025.
Vijay Kumar Gupta, General Counsel and Compliance Officer of Nexus Select Mall Management Private Limited, signed the disclosure letter dated September 8, 2026.
Historical Stock Returns for Nexus Select Trust REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.25% | -0.20% | -0.39% | +7.24% | +14.75% | 0.0% |
How might the partial release of 12 million units signal the sponsor group's strategy for deleveraging or restructuring its debt obligations with Deutsche Bank?
What impact could the remaining pledged balance of over 216 million units have on the liquidity and market perception of Nexus Select Trust units in the near term?
Does the amendment to the facility agreement in September 2025 suggest tighter lending covenants that are driving this specific pledge release schedule?
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