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Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to exchange data, Blackstone sold 31.55 crore units in Nexus Select Trust at Rs 138 apiece, taking the total transaction value to Rs 4,354.90 crore. Domestic mutual funds, including ICICI Prudential Mutual Fund (MF), and HDFC MF picked up units of Nexus Select Trust. Among foreign companies, US-based financial services company Wells Fargo and Morgan Stanley acquired stake in the company while French asset management firm Carmignac bought units of the REIT firm, as per the data on the NSE. These entities acquired a total of 11.75 crore units or 7.76 per cent stake in Nexus Select ...
Logistics company Delhivery has partnered with private equity firm Nexus Ventures and Amazon Web Services to launch an accelerator programme for budding entrepreneurs in the logistics space, a statement said on Tuesday. The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions, Delhivery Chief Technology Officer and Executive Director Kapil Bharati said. Leading cloud services provider AWS is providing activate cerdits of USD 25,000 (around Rs 21 lakh) to selected startups for building and scaling technology infrastructure. In the first edition of the programme, 20 out of 234 applicants were picked for providing mentorship, the statement said. Warehousing-focused ODWEN, Wherehouse, and Warehousity; EV fleet providers, including EVIFY and Zyngo, agritech startups such as Upjao Agrotech and E Sandhai and aggregator platforms Paapos, Hyphen SCS, and Loadexx were among the selected startu