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Cube Highways Trust allotted 328 million units at Rs 152 per unit, raising Rs 50,000 million
30-Jul-2026, 09:03
Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust, announced the allotment of 328,947,365 units of the Trust at a price of Rs 152 per unit, totaling approximately Rs 50,000 million, following a resolution passed on July 29, 2026, and approval from unitholders on February 20, 2026. The allotment is part of a conversion of the Trust from a privately listed infrastructure investment trust to a publicly listed infrastructure investment trust through an Offer for Sale.
Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust, announced the allotment of 328,947,365 units of the Trust at a price of Rs 152 per unit, totaling approximately Rs 50,000 million, following a resolution passed on July 29, 2026, and approval from unitholders on February 20, 2026. The allotment is part of a conversion of the Trust from a privately listed infrastructure investment trust to a publicly listed infrastructure investment trust through an Offer for Sale.