{"id":339022,"date":"2020-02-26T11:04:26","date_gmt":"2020-02-26T05:34:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339022"},"modified":"2020-02-26T11:26:50","modified_gmt":"2020-02-26T05:56:50","slug":"cube-highways-plans-invit-to-sell-a-part-of-its-road-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cube-highways-plans-invit-to-sell-a-part-of-its-road-assets\/","title":{"rendered":"Cube Highways plans InvIT to sell a part of its road assets"},"content":{"rendered":"<p>MUMBAI: India\u2019s biggest road asset investor Cube Highways and Infrastructure is in initial talks with investors including Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ), Abu Dhabi Investment Authority (ADIA) and Ontario Teachers\u2019 Pension Plan Board to sell part of its operational road assets through an infrastructure trust.<\/p>\n<p>Cube will hive off its operating assets into an infrastructure investment trust or InvIT and place it privately with other investors, said three people with direct knowledge of the development. Cube is backed by Singapore-based global infrastructure fund I Squared Capital, spun off from Morgan Stanley\u2019s infrastructure investment team. The company is exploring a valuation of around $2.5 billion for the InvIT, they said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: India\u2019s biggest road asset investor Cube Highways and Infrastructure is in initial talks with investors including Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ), Abu Dhabi Investment Authority (ADIA) and Ontario Teachers\u2019 Pension Plan Board to sell part of its operational road assets through an infrastructure trust. Cube will hive off its operating assets into an infrastructure investment trust or InvIT and place it privately with other investors, said three people with direct knowledge of the development. Cube is backed by Singapore-based global infrastructure fund I Squared Capital, spun off from Morgan Stanley\u2019s infrastructure investment team. The company is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-339022","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=339022"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339022\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}