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Blackstone-backed REIT Nexus Malls pre-opens 3% higher in trading debut

Shares of Nexus Select Trust, a Blackstone Inc-backed Indian retail REIT, pre-opened 3% higher at 103 rupees in their trading debut on Friday

REITs, real estate, tax free, investors, investments

Reuters BENGALURU

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BENGALURU (Reuters) - Shares of Nexus Select Trust, a Blackstone Inc-backed Indian retail REIT, pre-opened 3% higher at 103 rupees in their trading debut on Friday.
The company, better known as Nexus Malls, had said its initial public offer (IPO) was priced at 100 rupees a share.
Nexus Malls, which will be India's first publicly traded retail REIT, comprises 17 shopping complexes, two hotels and three office buildings.
 
(Reporting by Rama Venkat in Bengaluru; Editing by Savio D'Souza)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 19 2023 | 12:49 PM IST

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