Singapore-based Cube Highways & Infrastructure, an investment arm of global infrastructure fund I Squared Capital, plans to monetise some of its road assets by selling seven highway projects spanning 516 kilometres (2,200 lane km), multiple people aware of the development said.
Cube has hired Ambit Capital to run the sale process and feelers have already been sent to leading investors and strategic investors, the sources said. They did not share any estimated sale value. The assets on the block include six hybrid annuity model (HAM) assets and one BOT (build-operate-transfer) asset. They reported a total revenue of ₹860 crore in FY23.
