Trilegal Advised Nexus Select Trust On Its Maiden Issuance Of Non-Convertible Debentures Of INR 5,500 Million
Trilegal Advised Nexus Select Trust On Its Maiden Issuance Of Non-Convertible Debentures Of INR 5,500 Million
Trilegal acted as the legal counsel to Nexus Select Trust, a real estate investment trust, in connection with its maiden issuance of sustainability-linked listed, secured, redeemable non-convertible debentures aggregating to INR 5,500 million to institutional investors.
The proceeds were utilised towards funding the acquisition of the MBD Complex in Ludhiana, Punjab. Nexus Select Trust is India's first retail-focused real estate investment trust with a portfolio spanning across 15 cities in India, and is sponsored by Blackstone Inc.
The transaction involved structuring advice and drafting of transaction documents to ensure compliance with the SEBI REIT regulations, ESG norms and other SEBI regulations in connection with the issuance.
The Trilegal Banking & Finance Team advising on the mandate was led by Partner: Joseph Jimmy and supported by Counsel: Tania Chourasia; Associates: Aditya Raj Singh and Yajat Bansal.
Click to know more about Trilegal
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.
