Vanguard invests in Nexus Select Trust

Vanguard Group has purchased over 11.4 million units of Nexus Select Trust for Rs 1.58 billion through open market transactions, while Morgan Stanley sold its stake in the REIT. Vanguard acquired 1,14,50,476 units, equivalent to a 0.75 per cent stake, at an average price of Rs 138.42 per unit. Morgan Stanley Asia Singapore sold 7.84 million units of REIT at an average price of Rs 138.33 worth Rs 1.08 billion.