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Nexus Select Trust Appoints Blackstone's Siddharth Nawal as CEO and MD
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Storyboard•13-10-2026, 12:24
Nexus Select Trust Appoints Blackstone's Siddharth Nawal as CEO and MD
- •Nexus Select Trust has appointed Siddharth Nawal as managing director and chief executive officer-designate, succeeding Dalip Sehgal from January 1, 2027.
- •Nawal is currently a managing director in Blackstone's India Real Estate team and has served as a director on the trust board since November 2025.
- •Dalip Sehgal is stepping down after leading Nexus through a period of significant business expansion, public listing, and establishing its operating platform.
- •Chairman Asheesh Mohta praised Nawal's deep investment expertise and understanding of the platform to lead the company's next phase of growth.
Key Questions Answered
Siddharth Nawal, a managing director in Blackstone's India Real Estate team, has been appointed as the managing director and chief executive officer-designate of Nexus Select Trust, succeeding Dalip Sehgal effective January 1, 2027.
Siddharth Nawal will officially take over as the Managing Director and Chief Executive Officer of Nexus Select Trust starting from January 1, 2027.
Alongside the leadership transition, the board approved raising funds up to Rs 750 crore via non-convertible debentures, an aggregate term loan of Rs 1,080 crore from the State Bank of India for refinancing debt, and up to Rs 220 crore through commercial papers.
