
Investment29 Jul 2026, 11:20 pm
Cube Highways Trust Allots Units Worth ₹50,000 Million
AI Summary
Cube Highways Trust has announced the allotment of 328,947,365 units at an offer price of ₹152 per Unit, aggregating to approximately ₹50,000 million. This allotment is part of the Trust's conversion from a privately listed infrastructure investment trust to a publicly listed one through an Offer for Sale (OFS). The decision was approved by the Board of Directors of Cube Highways Fund Advisors Private Limited, acting as the investment manager, via a resolution passed by circulation on July 29, 2026, following approval from unitholders.
Key Highlights
- Allotment of 328,947,365 units at ₹152 per unit.
- Total value of allotment approximately ₹50,000 million.
- Conversion from private to public InvIT via OFS.
- Approved by Investment Manager's Board and unitholders.
Price Impact
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