Cube Highways Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Cube Highways Trust has submitted its quarterly disclosure for the quarter ended June 30, 2025, on the use of proceeds from two private placements of senior, secured, listed, rated, redeemable non-convertible debentures (NCDs) raised on April 25, 2025. The first tranche of Rs. 552.84 crore (55,200 NCDs at face value of Rs. 1 lakh each) carries a coupon of 7.2503% p.a. with a 3-year tenor, while the second tranche of Rs. 600.60 crore (60,000 NCDs) carries a coupon of 7.3006% p.a. with a 7-year tenor. Both amounts were raised at a slight premium over face value. The filing confirms that 100% of the proceeds have been utilized in line with the original objects stated in the offer document, with no deviation or variation reported. The disclosure is a routine SEBI compliance requirement under the master circular applicable to InvITs issuing debt securities.
This is a routine, neutral regulatory filing with no negative news — investors can take comfort that the debt raised via the April 2025 NCD issuance has been fully deployed as originally intended, with no deviation. No material impact on the stock or bond prices is expected.