The acquisition of seven roadway assets from Singapore-based Cube Highways and Infrastructure III Pte Ltd and Cube Highways Infrastructure Pte Ltd has been announced by Cube Highways Trust, which is overseen by Cube Highways Fund Advisors Pvt Ltd. Across.
Andhra Pradesh, Maharashtra, Telangana, and Tamil Nadu, the assets—six hybrid annuity model (HAM) assets and one build-operate-transfer (BOT) asset—cover over 2,200 lane kilometers.
Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd, has announced the acquisition of seven highway assets from Singapore-based Cube Highways and Infrastructure III Pte Ltd and Cube Highways Infrastructure Pte Ltd, totaling an enterprise value of ₹5,172 crore.
Details of the Acquisition
The portfolio comprises six Hybrid Annuity Model (HAM) assets and one Build-Operate-Transfer (BOT) asset, collectively spanning approximately 2,200 lane kilometers. These assets are strategically located across the Indian states of Andhra Pradesh, Maharashtra, Telangana, and Tamil Nadu.
Strategic Significance
This acquisition aligns with Cube Highways Trust’s strategy to expand its footprint in India’s infrastructure sector. By integrating these assets, the trust aims to enhance its revenue streams and capitalize on the growing demand for improved road connectivity in the region.
Financial Implications
The transaction, valued at ₹5,172 crore, reflects the trust’s commitment to investing in high-quality infrastructure assets. The funding for this acquisition is expected to be sourced through internal accruals and a mix of debt, subject to necessary approvals.
Approval and Governance
The proposed acquisition has received approval from the board of directors of the investment manager. However, it remains subject to the consent of the ordinary unitholders of Cube InvIT, ensuring adherence to corporate governance norms and stakeholder interests.
About Cube Highways Trust
Cube Highways Trust is an infrastructure investment trust focused on investing in road and highway projects across India. The trust leverages its expertise to manage and operate a diverse portfolio of assets, contributing to the nation’s infrastructure development.
The acquisition of these seven highway assets underscores Cube Highways Trust’s strategic vision to bolster its infrastructure portfolio. By investing in these assets, the trust not only expands its operational reach but also plays a pivotal role in enhancing India’s transportation infrastructure, thereby supporting economic growth and regional connectivity.
Group Media Publication
Construction, Infrastructure and Mining
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