Nexus Select Trust is set to enhance its portfolio by acquiring the entire share capital of Galaxy Infra Creations Private Limited for approximately ₹1,600 crore. This strategic acquisition from existing shareholders, including Deepak Kayal and Manoj Kayal, positions Nexus Select Trust to own and manage the prominent Galaxy Mall and the Hyatt Regency Hotel, both located in Guwahati, India.
The prominent law firm, Khaitan & Co, provided comprehensive legal counsel to Nexus Select Trust in this significant transaction. The advisory team was spearheaded by partners Shourya Sengupta, Deepak Jodhani, and Gaurav Dasgupta, supported by counsel Sneh Lata and principal associates Divyansh Joshi, Vibhav Seth, and Shreetama Chakraborty. Senior associates Susom Chattopadhyay and Richaa Mukhopadhyay also played pivotal roles.
The legal team was further supported by associates Prachi Chowdhary and Ishika Sinha in conducting due diligence. Partners Aayush Mohata and Aparna Bagree focused on the REIT aspects of the deal, while debt-related matters were managed by partner Rahul Chakraborti and counsel Riya Agicha. Employment considerations were handled by partner Deepak Kumar and senior associate Varsha Sankara Raman. Partner Vinay Joy and associate Shaaryl Dsouza conducted ABAC diligence. Strategic insights were provided by managing partner Haigreve Khaitan, with execution assistance from associate Unnati Khanna.
Nexus Select Trust distinguishes itself as India’s first publicly listed retail real estate investment trust (REIT). It operates a collection of premium shopping malls across major Indian cities and holds the title of India’s largest owner of Grade-A urban consumption centers. This acquisition marks a significant milestone for Nexus, representing its first under-construction development project in Northeast India and the second such venture after its public listing.
This strategic expansion into the Northeastern region signals Nexus Select Trust’s commitment to broadening its reach and enhancing its investment portfolio, further solidifying its position as a leader in the retail real estate sector.
