The Sponsor of NXST is Wynford Investments Limited, an affiliate of Blackstone Inc. The Sponsor and Sponsor Group i.e., Blackstone (through its affiliates) holds 22% of the total units in NXST as of September 30, 2024.

The Investment Manager is majority held by Blackstone through its affiliates.

Blackstone is one of the world’s leading investment firms and a global alternative asset manager with diverse interests across multiple asset classes including real estate, private equity, infrastructure, etc. across the globe.

IFC’s proposed investment of up to INR 20,700 million (~US$250 million) through subscription to non-convertible, listed debt securities to be issued by NXST. The proceeds will be used for general corporate purposes including payment of fees and issue expenses, acquisitions (directly or indirectly through it’s SPV’s), repayment/ refinancing of financial indebtedness (NXST or its SPV’s), and/or extending loan to its SPV’s for enhancement works of NXST’s properties or undertaking construction.

Several cities across India

This is a Category B project according to IFC's Environmental and Social Sustainability Policy, 2012. The project only includes operational assets and does not include greenfield construction or asset development. Key E&S risks and issues associated with this project include: the company's E&S management system and organizational capacity to identify and manage E&S risks and impacts, stakeholder engagement, grievance redressal mechanism, labor compliance and working conditions including management of contractors and third-party workers, energy and water consumption, life and fire safety (L&FS), and GBVH risks in all assets.