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

Nexus Select Trust

19/05/2023 05:17

BENGALURU, May 19 (Reuters) - Shares of Nexus Select
Trust  NEXE.NS , a Blackstone Inc  BX.N -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)
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