Cube Highways raises ₹4,500 cr for first InvIT, foreign funds lead show

I Squared Capital-backed roads platform Cube Highways has raised ₹4,500 crore for its maiden infrastructure investment trust (InvIT) from Canada’s British Columbia Investment Management Corp and Abu Dhabi’s state-owned investment firm Mubadala, said two people in the know.

A few domestic institutions – construction company Larsen & Toubro’s treasury operations and SBI Mutual Fund – have also participated in the fundraising, the people said, speaking on the condition of anonymity.