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CUBE INVIT
NHAI flags off asset monetisation for FY27The National Highways Authority of India has started its asset monetisation drive for the current financial year. Bids were opened for two ...- Instagram emerges as platform for anti-caste Indian artDalit and Bahujan artists are reshaping the landscape of digital expression, turning social media into dynamic exhibitions of resistance. T...
- Dubai plotting a comeback as Iran war hammers its hottest marketReal estate activity in Dubai has dropped sharply after geopolitical tensions involving the US and Iran affected investor sentiment, accord...
- Dubai eases visa rule for single property buyersDubai has removed the minimum property value for its two-year residency visa for individual buyers. This move aims to boost realty demand. ...
- Three Indian infra investment trusts eye $500 million debt in coming weeks, sources sayThree Indian infrastructure investment trusts, including the National Highways Infrastructure Trust, are planning to raise up to 43 billion...
- Vertis Infrastructure Trust raises Rs 900 crore via SLBFormerly known as Highways Infrastructure Trust, Vertis Infrastructure Trust will use the proceeds to support the recently awarded TOT-16, ...
- NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube HighwaysThe National Company Law Tribunal has cleared the sale of Chenani Nashri Tunnelway, owned by IL&FS, to Cube Highways for ₹6,000 crore. This...
- Cube Highways raises Rs 860 crore from IFC via long-term NCDsOf this, ₹2,248 crore was drawn in June 2024 to acquire six hybrid annuity model projects, while the remaining funds will be used to fund t...
- Cube Highways InvIT buys 2 road assets of NIIFCube Highways Trust acquired two road assets from the National Investment and Infrastructure Fund in Jammu and Kashmir. The deal was valued...
- L&T, 6 others pick 8.03% stake in Cube Highways Trust for Rs 1,243 croreThe company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6 crore, while ex...
- Cube Highways announces Rs 3.94 per unit dividend for Q4Cube Highways Trust declared an annual distribution per unit (DPU) of Rs 10.09 for FY24, with plans to acquire seven road assets, including...
- British Columbia Investment picks up Rs 2,000 cr stake in Brookfield’s tower InvIT via block dealCanadian pension fund British Columbia Investment (BCI) has picked up a 4.8% stake in Brookfield’s tower infrastructure investment trust (I...
- Cube InvIT announces inaugural distribution with Rs 2.15 per unit payoutCube Highways Trust has recorded a consolidated income of Rs 781.5 crore, along with EBITDA of Rs 422.89 crore, for Q1 FY 2023-24. Notably,...
- Cube Highways Trust secures Rs 1,030 crore fundingCube Highways Trust has a diversified portfolio of 18 toll and annuity road assets with an aggregate length of 1,423.60 kilometres. These r...
- Cube Highways InvIT raises $630 million from BCI, Mubadala & othersOf the total proceeds, Rs 3,474 crore is primary fundraise which will be used to repay or prepay debt of the road projects housed under the...
- Cube Highways acquires Baharampore Farakka Highway from HCC GroupApart from the equity consideration of Rs677 crore, HCC is entitled to an additional payout of up to Rs264 crorecontingent on traffic perfo...
- IL&FS pays Rs 920 crore to secured creditors of CNTLAfter Cube Highways' proposed deal for CNTL fell through, IL&FS opted to resolve it through an InvIT. IL&FS did not extend the deadline of ...
- Cube Highways raises ₹4,500 cr for first InvIT, foreign funds lead showCube Highways Trust, the InvIT set up by Cube Highways, comprises 19 road assets, aggregating to 1,636.5 kms, in 11 states in India. As on ...
- Cube Highways plans InvIT to sell a part of its road assetsThe move comes after the government removed the tax barrier for private placement of InvITs in the budget, putting them at par with publicl...
- Singapore & Italy based companies bid highest for IL&FS’ two road assetsEmail queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The ...
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