Nexus Select Trust Announces ₹3,200 Crore IPO

The price band for the country’s first Real Estate Investment Trust or REIT IPO has been fixed at 95 to one hundred rupees. The IPO involves a fresh issue of 1,400 crore rupees and an OFS of 1,800 crore. Of the fresh issue, more than 1,000 crores will be used to retire a portion of the debt. The company has a portfolio of 17 shopping malls in 14 major cities. Catch Aabha Bakaya, Editor and Senior Anchor, Business Today TV in conversation with 2 of the company’s promoters – Arjun Sharma, Chairman of the Select Group and Asheesh Mohta, Senior MD, Blackstone.