Cube Highways Trust to Acquire Majority 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 (BFHL) and Devanahalli Tollway Private Limited (DTPL), at least 95% of the equity share capital of Western MP Infrastructure and Toll Roads Private Limited (WMTPL), and 100% of the equity share capital of Chenani Nashri Tunnelway Limited (CNTL). This acquisition is subject to certain terms and conditions. Additionally, the Trust has entered into a right of first offer (ROFO) agreement with Cube Highways and Infrastructure V Pte. Ltd., granting the Trust the right of first offer on the assets held by the Sponsor.