Indian REIT Nexus Malls surges 4% on trading debut, valued at $1.9b

Indian REIT Nexus Malls surges 4% on trading debut, valued at $1.9b

Mumbai, India. Photo by Hardik Joshi on Unsplash.

India’s Nexus Select Trust rose nearly 4% in their trading debut on Friday, giving the Blackstone Inc-backed retail REIT a valuation of 157.56 billion rupees ($1.93 billion).