Loan & Debt28 Oct 2026, 07:41 pm
Cube Highways Trust: No Deviation in Debt Securities Proceeds Utilization
AI Summary
Cube Highways Trust has submitted a disclosure regarding the utilization of proceeds from its debt securities for the quarter ended September 30, 2026. The filing, in compliance with SEBI Master Circulars, indicates no deviation or variation in the use of funds raised via private placement of Senior, Secured, Rated, Listed Redeemable, Non-Convertible Debentures. The total amount raised was Rs. 11,500,000,000, of which 44.35% has been utilized with no reported deviations from the original objects stated in the offer document. The company confirmed that no further approval is required to vary the objects of the issue.
Key Highlights
- No deviation reported in the utilization of debt securities proceeds.
- Funds raised via private placement of NCDs amounted to Rs. 11,500,000,000.
- 44.35% of the raised funds have been utilized as of September 30, 2026.
- No variation in use of proceeds from the offer document's stated objects.
- No further approval needed for any variation in issue objects.
Price Impact
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