BSECube Highways TrustMediumNeutral
Announced Wed, 24 Jun · 13:04 IST
Western UP Tollway SPV concession period expires, handover to NHAI starts
Credit & Debt View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The concession period of Cube Highways Trust's SPV Western UP Tollway Private Limited expired on June 23, 2026. WUPTPL ran a 77.8 km four-lane BOT toll road on NH 334 (Meerut to Muzaffarnagar) under a 2005 NHAI agreement. The Investment Manager is evaluating the future course and will initiate handover to NHAI after meeting divestment and contractual requirements. A vesting certificate will be issued upon successful transfer.
Likely market impact
Project SPV being wound down and handed back to NHAI; future action and income from this asset under review.