Cube Highways Trust to Acquire Major Stake in Four Target Companies

Cube Highways Trust, through its Investment Manager, has entered into a binding commitment letter to acquire 100% of the equity share capital of Baharampore Farakka Highway Limited and Devanahalli Tollway Private Limited, at least 95% of the equity share capital of Western MP Infrastructure and Toll Roads Private Limited, and 100% of the equity share capital of Chenani Nashri Tunnelway Limited. This acquisition also includes a right of first offer agreement with Cube Highways and Infrastructure V Pte. Ltd., granting the Trust the right of first offer on certain identified assets.