Nexus Select Mall Management settles allegations of REITs violation with SEBI

Nexus Select Mall Management has settled allegations of flouting REIT (Real Estate Investment Trust) norms with the markets regulator Sebi after paying Rs 24.37 lakh settlement fee.

In its order on Wednesday, Sebi said Nexus Select Mall Management remitted the amount to settle the allegations of failing to maintain the required net worth and failing to inform the regulator about the change in the net worth.

After receipt of the settlement amount by Sebi, the adjudication proceedings initiated against the applicant vide SCN (show cause notice) dated June 11, 2025 is disposed of in terms of the Settlement Regulations, the order noted.