Governance
Authorization Structure
The Nexus Select Trust was settled on August 10, 2022 at Mumbai, Maharashtra, India as contributory, determinate and irrevocable trust under the provisions of the Indian Trusts Act, 1882, pursuant to a trust deed dated August 10, 2022. The Nexus Select Trust was registered with SEBI on September 15, 2022 as a real estate investment trust under Regulation 3(1) of the REIT Regulations having registration number IN/REIT/22-23/0004. The Nexus Select Trust has been settled by the Manager (on behalf of the Sponsor) for an aggregate initial sum of INR 0.10 million. As of the date of this Offer Document, Wynford Investments Limited is the sponsor of the Nexus Select Trust.
Manager
Nexus Select Mall Management Private Limited is the Manager of the Nexus Select Trust. The Manager is a private limited company incorporated in India under the Companies Act, 2013 on July 1, 2021 at Mumbai, Maharashtra. The Manager is currently held by certain entities of the Sponsor Group. Simultaneous with the completion of the Initial Portfolio Acquisition Transactions, the Manager is proposed to be held jointly by certain entities forming part of the Sponsor Group and the Select Shareholders in the ratio 79:21. The Manager s role is to manage Nexus Select Trust and its assets in accordance with the Trust Deed, the Investment Management Agreement and the REIT Regulations in the interests of Unitholders.
Trustee
Axis Trustee Services Limited is the Trustee of the Nexus Select Trust. The Trustee is a registered intermediary with SEBI under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, as a debenture trustee having registration number IND000000494 which is valid until suspended or cancelled by SEBI. The Trustee is a wholly owned subsidiary of Axis Bank Limited.
Embassy 247, Unit No 501, B Wing, LBS Marg Vikhroli West, Mumbai - 400083
CIN: U70109MH2021PTC363065
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