Nexus Select Trust proposes to utilize part of net proceeds towards the acquisition of a 30 percent stake in Nexus Indore Central (NMMCPL) from Olive Commercial Company Ltd.
Nexus Select REIT will open for subscription on 9 May and close on 11 May. Anchor investors subscription will open on 8 May and finalisation of the basis of allotment will be on May 16. Initiation of refunds will be on May 17 and the stock will list on exchanges on 19 May.