Regulatory24 Jun 2026, 01:05 pm
Cube Highways Trust: SPV Concession Period Expires June 23, 2026
AI Summary
Cube Highways Trust has disclosed a material issue concerning its Special Purpose Vehicle, Western UP Tollway Private Limited (WUPTPL). The concession period for the Meerut to Muzaffarnagar section of NH 334, spanning 77.8 kilometers, expired on June 23, 2026. WUPTPL, originally incorporated in 2005, operated this project on a Build-Operate-Transfer (BOT) basis. The Investment Manager is currently evaluating future actions for WUPTPL and will comply with regulatory requirements and act in the best interest of unitholders. Upon successful handover to NHAI and fulfillment of contractual obligations, a vesting certificate will be issued.
Key Highlights
- Concession period for WUPTPL, a Cube Highways SPV, expired on June 23, 2026.
- The project involves the four-laning of NH 334 (Meerut to Muzaffarnagar).
- Investment Manager is evaluating future course of action for the SPV.
- Steps will be taken in compliance with regulations and unitholder interests.
Price Impact
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