Nexus Select Trust has informed that the Board of Directors of Nexus Select Mall Management (previously known as Nexus India Retail Management Services), the Manager to Nexus Select Trust ('Trust') at its meeting held on May 26, 2023, approved the raising of debt up to an aggregate amount of INR 2,350 Crores (Indian Rupees Two Thousand Three Hundred and Fifty Crores only), through means and for purposes as specified therein. The Board of Directors of the Manager, at its meeting held today, on June 06, 2023, has approved the issuance of listed, rated, secured, redeemable, rupee denominated, non-convertible debentures (the 'NCDs') by Trust on a private placement basis in the manner as detailed in the outcome.
The above information is a part of company’s filings submitted to BSE.
