BSECube Highways TrustHighNeutral
Announced Mon, 13 Jul · 20:29 IST

Cube Highways Trust signs SPAs to acquire four road SPVs

Business Updates View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Cube Highways Trust has signed Share Purchase Agreements on July 13, 2026 to acquire four road infrastructure SPVs: full stake in Baharampore-Farakka Highways, Devanahalli Tollway, and Chenani Nashri Tunnelway, plus at least 95 percent of Western M P Infrastructure and Toll Roads. This follows board approval in January 2026 and postal ballot approval in February 2026. Closing is subject to required approvals and conditions precedent.

Likely market impact

Expands the InvIT's road asset portfolio, which could lift future toll revenue once the deals close, subject to regulatory approvals.