According to reports, following the deal, Blackstone's 15% stake in Nexus Select Trust REIT will be locked in until May 2026. Additionally, the private equity firm has voluntarily agreed not to divest its remaining 6.3% stake for the next nine months.
Nexus Select Trust REIT reported net operating income of Rs 420 crore for the fourth quarter, aided by a 9 percent YoY increase in quarterly consumption.