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Dalip Sehgal Resigns As Nexus Select Trust CEO
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News18•12-10-2026, 21:00
Dalip Sehgal Resigns As Nexus Select Trust CEO
- •Dalip Sehgal has stepped down from his position as executive director and chief executive officer of Nexus Select Trust.
- •Siddharth Nawal, currently a Managing Director in Blackstone India Real Estate team, has been appointed as MD and CEO with effect from January 1, 2027.
- •The board of directors approved raising funds up to Rs 750 crore by issuing non-convertible debentures.
- •A term loan of Rs 1,080 crore from State Bank of India was approved for refinancing existing and future indebtedness.
- •The board also cleared raising up to Rs 220 crore through the issue of commercial papers.
Key Questions Answered
Siddharth Nawal has been appointed as Managing Director and Chief Executive Officer of Nexus Select Trust, effective January 1, 2027.
Siddharth Nawal will succeed Dalip Sehgal, who resigned as the executive director and CEO of Nexus Select Trust.
The board approved raising up to Rs 750 crore through non-convertible debentures, an Rs 1,080 crore term loan from the State Bank of India, and up to Rs 220 crore via commercial papers.
