BENGALURU, May 19 (Reuters) – Shares of Nexus Select Trust (NEXE.NS), a Blackstone Inc (BX.N)-backed Indian retail REIT, pre-opened 3% greater at 103 rupees of their buying and selling debut on Friday.

The firm, higher referred to as Nexus Malls, had stated its preliminary public provide (IPO) was priced at 100 rupees a share.

Nexus Malls, which will likely be India’s first publicly traded retail REIT, includes 17 purchasing complexes, two inns and three workplace buildings.

Reporting by Rama Venkat in Bengaluru; Editing by Savio D’Souza

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