Cube Highways Trust

Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust, announced that its board has given in-principle approval for the issuance of units on a preferential basis to Cube Highways and Infrastructure V Pte. Ltd. and Cube Highways and Infrastructure II Pte. Ltd. towards the proposed acquisition of Devanahalli Tollway Private Limited, Western MP Infrastructure & Toll Roads Private Limited, and Chenani Nashri Tunnelway Limited, subject to unitholder approval and regulatory clearances. The company clarified that the acquisition of Baharampore- Farakka Highways Limited will occur at a later stage.

Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust, announced that its Board of Directors has deferred matters previously scheduled for October 6, 2026, to Thursday, October 8, 2026, including consideration and approval of a proposed preferential issue of units and a related notice to unitholders, as per SEBI InvIT Regulations.

Cube Highways Fund Advisors Private Limited, acting as the Investment Manager to Cube Highways Trust, will hold a board meeting on October 06, 2026, to consider and recommend the raising of funds by way of issuance of units through a preferential issue or other permissible modes, as per the SEBI (Infrastructure Investment Trusts) Regulations, 2014, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cube Highways Trust [NSE/BSE: CUBEINVIT/543899], managed by Cube Highways Fund Advisors Private Limited, has successfully raised Rs 1,150 crore through the issuance of senior, secured, listed, rated, redeemable, non-convertible debentures (NCDs) carrying a face value of Rs 1 lakh each and a coupon of 7.50% per annum, with a tenor of five years, the company said in a filing on September 30, 2026. The NCDs were issued on a private placement basis through the NSE Electronic Bidding Platform, with Axis Bank Limited allotted Rs 550 crore and ICICI Bank Limited allotted Rs 600 crore. The transaction forms part of Cube InvIT’s broader financing programme approved for raising financial assistance of up to Rs 4,500 crore.

Cube Highways Trust will close its trading window for dealing in its securities from October 1, 2026, and will reopen 48 hours after the announcement of financial information for the quarter and half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, as announced by Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust.

Cube Highways Trust has received a credit rating of “Crisil AAA/Stable” from Crisil Ratings for its proposed Rs 1150 crore non-convertible debentures, according to a filing on September 24, 2026. The rating indicates the highest degree of safety regarding the timely servicing of financial obligations, and the rating is expected to be disseminated through Crisil Ratings' publications and kept under surveillance.

Cube Highways Trust has received reaffirmed credit ratings of ICRA AAA/Stable from ICRA Limited for its bank limits and non-convertible debentures. The ratings pertain to a total of Rs 10,950 crore in bank limits and Rs 5,012 crore in outstanding NCDs, with Rs 1,150 crore newly assigned.

Cube Highways Trust announced that Walayar Vadakkencherry Expressway Private Limited, a project special purpose vehicle (SPV) of Cube Highways Trust, has received an arbitral award stating it is entitled to an extension of the concession period by 1423 days, following arbitration proceedings against National Highways Authority of India (NHAI) regarding a claim for modification of the concession period.

Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust, announced that the concession period for Andhra Pradesh Expressway Private Limited, a project special purpose vehicle (SPV), expired on September 14, 2026, according to a filing with the National Stock Exchange of India Limited and BSE Limited. Andhra Pradesh Expressway Private Limited has initiated the contractual handover process of the project to the National Highways Authority of India (NHAI) and will continue to be classified as a SPV, subject to fulfilling prescribed conditions, while the investment manager evaluates options for the SPV.

Cube Highways Trust has entered into a binding offer with Apco Infratech Private Limited and Chetak Enterprises Limited, along with their affiliates Apco Chetak Ultraway Private Limited and Apco Chetak Expressway Private Limited, to acquire 100% of the equity share capital of the SPVs, which operate in the road infrastructure industry and are located in Uttar Pradesh. The acquisition, expected to be completed subject to regulatory approvals including from the National Highways Authority of India, will increase Cube InvIT’s portfolio to 29 SPVs and is anticipated to strengthen its revenue base and enhance its Net Asset Value, with a total consideration subject to adjustments and to be disclosed upon execution of definitive agreements.