Nexus Select Trust Approves Raising Up To INR 100 Crores Through Commercial Paper Issuance
Nexus Select Mall Management Private Limited, acting as the Manager to Nexus Select Trust, announced that its Board of Directors approved a significant initiative to raise capital. The approval was granted during the board meeting held on Wednesday, June 24, 2026.The decision sanctioned by the Board allows the Trust to raise funds through the issuance of listed, rated, and redeemable commercial papers (CPs). The potential aggregate principal amount approved for this fund raising stands up to INR 100 Crores (Indian Rupees One Hundred Crores only).
The initiative is structured as a private placement basis transaction, offering opportunities to eligible investors. The capital infusion may occur through one or more transactions, series, and/or tranches, depending on future approvals.
The board meeting commenced at 12:04 Hrs IST and concluded its proceedings at 12:57 Hrs IST.
NXST Stock Price Movement
Shares of Nexus Select Trust are edging higher as of 2:10 PM, trading at ₹158.69 after the equity gains 0.51% or ₹0.81. The stock sees significant activity during the live market, with 113,483 shares traded and the price hovering within its intraday range of ₹157 to ₹159.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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