Sponsor Entities Pledge 15.05% of Nexus Select Trust Units to Secure Credit Facility
A group of sponsor entities associated with Nexus Select Trust has pledged a significant portion of their units in the Real Estate Investment Trust (REIT) to secure obligations related to a credit facility. The pledge was formalized on June 3, 2026.BREP Asia SG Forum Holding (NQ) Pte. Ltd., Wynford Investments Limited, SSIII Indian Investments One Ltd., and BRE Coimbatore Retail Holdings Ltd collectively pledged 228,005,666 units of Nexus Select Trust to Deutsche Bank AG, which is serving as the onshore security agent for the Lenders. This transaction represented 15.05% of the total outstanding units of the Trust.
The pledge was created in favour of the Onshore Security Agent to secure the obligations of NXST ML (NQ) Limited, which is the Borrower. The security relates to a credit facility that was established under a Facility Agreement dated June 13, 2023, and subsequently amended via an amendment and restatement agreement executed on September 23, 2025.
Unit Holdings and Pledge Details
The four sponsor entities pledged the units across their total holdings as part of this transaction. The breakdown of unit holdings and encumbrance is detailed below:| Sponsor Group Entity | Units Held (June 3, 2026) | Percentage of Total Outstanding Units | Encumbered Units |
|---|---|---|---|
| BREP Asia SG Forum Holding (NQ) Pte. Ltd. | 45,609,064 | 3.01% | 45,609,064 (100%) |
| Wynford Investments Limited | 91,505,669 | 6.04% | 91,505,669 (100%) |
| SSIII Indian Investments One Ltd. | 70,386,051 | 4.65% | 70,386,051 (100%) |
| BRE Coimbatore Retail Holdings Ltd | 20,504,882 | 1.35% | 20,504,882 (100%) |
| TOTAL | 228,005,666 | 15.05% | 228,005,666 |
Facility and Security Context
The purpose of the pledge is to secure a credit facility availed by NXST ML (NQ) Limited from the Lender. The commitment was established through the Pledge Agreement dated June 3, 2026.According to documentation filed, the borrowed amounts under the Facility Agreement were utilized for genuine business purposes of the Pledgors outside India and not for any investments directly or indirectly in India. Additionally, these amounts have not resulted in any capital inflow into India.
NXST Stock Price Movement
Nexus Select Trust shares edged higher today, closing at ₹155.37 after gaining 0.61% in post-market trading. The stock saw a traded volume of 209,495 shares during the session.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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