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NEW DELHI: Cube Highways on Wednesday announced the listing of its Infrastructure Investment Trust (InvIT), which is backed by investments from British Columbia Investment Management (BCI) and Abu Dhabi’s Mubadala Investments. InvIT raised approximately US$630 million to develop its portfolio of 18 toll and annuity roads spanning 1,423.60 km across India.
NEW DELHI: Cube Highways on Wednesday announced the listing of its Infrastructure Investment Trust (InvIT), which is backed by investments from British Columbia Investment Management (BCI) and Abu Dhabi’s Mubadala Investments. InvIT raised approximately US$630 million to develop its portfolio of 18 toll and annuity roads spanning 1,423.60 km across India.
InvIT’s first assets include 17 National Highways Authority of India (NHAI) toll roads and one NHAI annuity road asset in 11 Indian states.
InvIT’s first assets include 17 National Highways Authority of India (NHAI) toll roads and one NHAI annuity road asset in 11 Indian states.
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InvIT has also signed a ¥In a press statement, the company said it provided a Rs 10,000 crore loan to the State Bank of India to refinance its existing debt.
The investment is in line with BCI’s long-term strategy to invest in infrastructure platforms and Mubadala’s aim to capitalize on significant growth opportunities in the Indian road sector.
Existing investors in Cube Highways include I Squared Capital, Abu Dhabi Investment Authority (ADIA) and Japan Highways International BV.
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