Nexus Select Trust's 14% NOI Surge Amid Leadership Changes
Nexus Select Trust's net operating income rose by 14% to Rs 424.9 crore this quarter. The company declared a distribution of Rs 333 crore. Chairman Tuhin Parikh will step down in 2025, with Asheesh Mohta taking over. Siddharth Nawal joins the board from Blackstone.
- Country:
- India
Nexus Select Trust has announced a 14% rise in net operating income, reaching Rs 424.9 crore in the second quarter of the current fiscal year.
This marks a significant increase from Rs 371.3 crore in the same period last year, aligning with the company's ongoing expansion and investment strategies.
The company also reported a distribution of Rs 333 crore, as revealed in a regulatory filing. Anticipated leadership shifts include the appointment of Asheesh Mohta as the new Chairman, succeeding Tuhin Parikh, while Siddharth Nawal from Blackstone joins the board.
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