Trilegal advised Nexus Select Trust on its maiden issuance of sustainability-linked non-convertible debentures of INR 5,500 million

Trilegal acted as the legal counsel to Nexus Select Trust, a real estate investment trust, in connection with its maiden issuance of sustainability-linked listed, secured, redeemable non-convertible debentures aggregating to INR 5,500 million to institutional investors.

The proceeds were utilised towards funding the acquisition of the MBD Complex in Ludhiana, Punjab. Nexus Select Trust is India’s first retail-focused real estate investment trust with a portfolio spanning across 15 cities in India, and is sponsored by Blackstone Inc.

The transaction involved structuring advice and drafting of transaction documents to ensure compliance with the SEBI REIT regulations, ESG norms and other SEBI regulations in connection with the issuance.

The Trilegal Banking & Finance Team advising on the mandate was led by Partner: Joseph Jimmy and supported by Counsel: Tania Chourasia; Associates: Aditya Raj Singh and Yajat Bansal.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.