Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd, recently announced that it will acquire seven highway assets. These assets are from Singapore-based Cube Highways and Infrastructure III Pte Ltd and Cube Highways Infrastructure Pte Ltd, totaling an enterprise value of Rs 5,172 crore.
What is so special about the highway assets?
These assets hold a total of approximately 2,200 lane kilometers and are located across Andhra Pradesh, Maharashtra, Telangana, and Tamil Nadu, comprising six hybrid annuity model (HAM) assets and one build-operate-transfer (BOT) asset, as stated by Cube Highways Trust.
