[ad_1]
New Delhi: The Competition Commission of India on Monday approved the acquisition of commercial real estate assets by Nexus Select Trust,
Nexus Select Trust is registered with SEBI real estate investment trust (earner REIT) and is backed by global investment firm black Stone,
The proposed transaction involves direct acquisition of 100 per cent shareholding of 15 entities and indirect acquisition of 100 per cent shareholding of two entities acting through the manager of the acquirer REIT – Select Infrastructure Private Limited and Nexus South Mall Management Pvt Ltd, according to an official release.
It has also approved direct acquisition of 50 per cent equity shares of ITIPL from its existing shareholders by the acquirer REIT (acting through its manager), the release said.
The entities are primarily engaged in the commercial real estate sector in India.
[ad_2]
Source link