Nexus select trust focuses on fresh acquisitions in Eastern India
The platform, which owns several malls, is India's first retail assets-led REIT. It is looking to add new properties spread around 1.5 million sq ft to its portfolio every year for the next three to five years, said Arjun Sharma, vice chairman at Nexus select Mall Management. Key Points
Economic TimesNexus select Trust REIT IPO opens for subscription today; should you subscribe to Rs 3200-crore public issue?
The Blackstone-backed Nexus select Trust REIT IPO opened for subscription on 9 May. Should you subscribe to the Rs 3,200 crore issue? Here's what analysts say. Key Points
FinancialexpressBlackstone-backed Nexus select Trust to focus on eastern India for fresh acquisitions
Nexus select Trust, India's first retail assets-led real estate investment trust (REIT), will focus on eastern India for its new acquisitions, with the aim of adding new properties totalling around 1.5 million sq ft to its portfolio each year for the next three to five years. Further, it intends to invest 2% of revenue annually to refurbish its malls. The IPO is set to take place between 9 May and 11 May and is expected to raise Rs 3,200 crore ($469m). Key Points
Economic TimesNexus select Trust REIT IPO Day 1: Issue subscribed 27%, NIIs bid for 0.4 times their portion
The Nexus select Trust REIT IPO was subscribed 0.28 times on Day 1. Key Points
FinancialexpressNovo Nordisk to present new data from weight-loss, diabetes trials
Danish drugmaker Novo Nordisk (NOVOb.CO) said on Tuesday it will present new cardiometabolic disease data, including results from its select trial, at the annual American Heart Association Scientific Sessions from Nov. 11-13. Key Points
Reuters
Nexus select Trust REIT IPO Day 3: Issue fully subscribed at 1.44x; NIIs oversubscribe 1.63 times
Nexus select Trust REIT IPO fully booked on Day 3: The Nexus select Trust REIT IPO was subscribed 1.44 times on before the close of Day 3. The issue received 26.6 crore bids for the 18.5 crore units that are on offer. Key Points
FinancialexpressThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
After remaining under the control of bulls, mid-cap stock witnessed a sharp correction early last week and also this week. There is some correction taking place in a few select sectors. However analysts are still bullish on select mid-cap stocks. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesBlackstone's Nexus select Trust IPO:Non Institutional Investors show interest so far; check details
Nexus select Trust IPO: The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share. Key Points
mintNexus select Trust REIT IPO Day 2: Issue bid for 0.57 times; NIIs oversubscribe 1.05x for their portion
The Nexus select Trust REIT IPO was subscribed 0.57 times on Day 2. The issue received 10.5 crore bids for the 18.5 crore units that are on offer. Key Points
Financialexpress