Cube Highways Trust to Acquire 100% Equity in Two SPVs

Cube Highways Trust, through its Investment Manager, has entered into a Binding Offer to acquire 100% of the equity share capital of Apco Chetak Ultraway Private Limited and Apco Chetak Expressway Private Limited. These entities operate in the Road Infrastructure Industry in Uttar Pradesh. The acquisition is expected to strengthen Cube InvIT's revenue base, enhance yield, and increase its Net Asset Value (NAV). The total consideration is subject to adjustments and will be disclosed upon execution of definitive agreements. The deal is contingent on receiving statutory and regulatory approvals, including from NHAI and Income Tax Authorities. Post-acquisition, Cube InvIT will manage a portfolio of 29 SPVs across India.