INDIA, December 1, 2022: Nexus Malls, the retail platform in India owned and managed by Blackstone Real Estate funds, has announced Amitabh Bachchan as their ‘Happyness Ambassador’. This is a unique, one-of-a-kind partnership with India’s biggest global superstar to provide customers with a ‘Har Din Kuch Naya’ experience.
Amitabh Bachchan is one of the most iconic celebrities in India, who is an all-time favourite across different age groups. He is a household name renowned for his award-winning acting career and charitable efforts.
“We are extremely privileged to welcome Amitabh Bachchan to our Nexus Malls family. He has a remarkable ability to connect with different age groups. We are proud to partner with one of India’s biggest icons to help us deliver Har Din Kuch Naya experiences to our customers,” said Mr. Dalip Sehgal, CEO, Nexus Malls.
Mr. Amitabh Bachchan added, ““I am delighted to endorse Nexus Malls. Together, we will try and further aim at curating new experiences for the customers each time they visit Nexus Malls”
Since its inception in 2016, Nexus has become India’s largest retail platform with 17 properties across 13 cities. In June 2022, Nexus Malls unveiled a new brand identity, which represents joy, excitement, freshness, life, and magic – and most importantly, happyness.
About Nexus Malls
Nexus Malls is the Indian Retail Portfolio arm of world’s leading investment firm, The Blackstone Group. Nexus Malls marked its foray into Indian Retailing in 2016 with an aim to transform the shopping experience of the Indian consumers. Growing at great pace since inception, Nexus Malls now boasts of a portfolio of 9.8 million square feet of Grade A retail space in the country. Nexus Malls have thereby establishing themselves as one of the leaders in the retail real estate industry in India.
With an objective of identifying, evaluating, buying and adding value to the assets that they acquire, Nexus Malls today operates across 17 major malls in the country spread across 13 cities which include Mumbai, Bangalore, Hyderabad, Pune, Amritsar, Chandigarh, Ahmedabad, Bhubaneswar, Indore, Mysore, Mangalore and Udaipur. One of the malls in the Nexus Malls portfolio is India’s largest Transit Oriented Development – Seawoods Grand Central in Navi Mumbai.
Nexus Select Trust is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its units and has filed a draft offer document dated November 17, 2022 with the Securities and Exchange Board of India. The draft offer document is available on the website of the SEBI at www.sebi.gov.in, the websites of the recognized Indian stock exchanges, at www.nseindia.com and www.bseindia.com, as well as on the websites of the Lead Managers: www.ml-india.com,www.axiscap.in, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.html, www.business.hsbc.co.in/en-gb/in/generic/ipo-open-offer-and-buyback, www.iiflcap.com, www.jmfl.com , www.jpmipl.com , www.investmentbank.kotak.com and www.morganstanley.com, respectively. Investors should note that investment in units may involve risks and for details relating to such risks, prospective investors should carefully read the draft offer document, including sections titled “Risk Factors” and “Forward-Looking Statements”. Prospective investors should not rely on the draft offer document filed with the Securities and Exchange Board of India and stock exchanges in making any investment decision.
Unless stated otherwise, industry and market data disclosed herein has been obtained or derived from the reports titled “Real Estate Market Report” dated November 16, 2022 issued by CBRE and “Industry Report on Retail Market in India” dated November 16, 2022 issued by Technopak.
This announcement and the information provided herein is not an offer of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The securities described in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. No public offering of securities in the United States is contemplated.
This announcement and the information provided herein is not for distribution outside of India.