Nexus Select Trust's asset acquisition gets CCI's nod
The Competition Commission of India (CCI) has approved the acquisition of commercial real estate assets by Nexus Select Trust. Backed by global investment firm Blackstone Nexus Select Trust is a SEBI-registered real estate investment trust (acquirer REIT).
As per information the proposed transaction involves the direct acquisition of 100 percent shareholding of 15 entities and indirect acquisition of 100 percent shareholding of two entities acting through acquirer REIT's manager -- Select Infrastructure Pvt Ltd and Nexus South Mall Management Pvt Ltd, according to an official release.
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