Nexus files documents with SEBI to raise $500 million through IPO
New Delhi, Nov 18 (PTI) Global investment firm Blackstone-sponsored Nexus Select Trust has filed a filing with the Securities and Exchange Board of India (SEBI) to launch India’s first retail real estate investment trust (REIT) public offering and raise around $500 million. Draft documents have been filed. Sources gave this information.
Nexus Select Trust has a portfolio of 17 shopping malls across 14 major cities, covering an area of ​​approximately 10 million square feet and valued at approximately $3 billion.
According to sources, Nexus Select Trust has submitted the draft documents to SEBI on Thursday. It seeks to enter the capital market with the country’s first retail REIT public offering in the first half of the 2023 calendar year.
He said the initial public offering (IPO) size of Nexus Select Trust-REIT will be around $500 million.
