Blackstone-backed Nexus Select Trust raises ₹1,000 cr for acquiring retail malls
The NCDs, listed on the wholesale debt market of BSE, were raised in two tranches of ₹600 crore and ₹400 crore at a coupon rate of 7.70%.
The NCDs, listed on the wholesale debt market of BSE, were raised in two tranches of ₹600 crore and ₹400 crore at a coupon rate of 7.70%.
The capital raised from fresh equities will be used for the acquisition of IGI Belgium and IGI Netherlands from the promoter, says IGI India.
The three-day IPO of Aadhar Housing Finance will open on May 8, while shares are expected to list on May 15.
Marquee global names rush to invest in commercial real estate as economy picks up.
The Blackstone-backed REIT intends to use debt capital to refinance bank loans at Special Purpose Vehicle level.
The ₹3,200 crore IPO of India’s first pure-play retail REIT, which opened between May 9-11, was subscribed 5.45 times.
The real estate investment trust to raise ₹3,200 crore via IPO, which comprises fresh issue of up to ₹1,400 crore and an offer for sale of up to ₹1,800 crore.
The price band for Nexus Select Trust REIT, which will be available for subscription till May 11, is expected to be announced this week.
The REIT IPO comprises a primary issue of ₹1,600 crore and a secondary share sale of ₹2,400 crore by Blackstone and some other smaller holders.
"Picture Abhi baaki hai," says Jonathan Gray, president and chief operating officer of Blackstone.