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Cube Highways Trust raises distribution guidance to Rs 15.50 per unit amid traffic growth
30-Oct-2026, 05:49
Cube Highways Trust increased its distribution guidance for the current financial year to Rs 15.50 per unit, citing significant traffic growth that exceeded initial expectations. The trust’s net asset value currently stands at Rs 149.70 per unit, pending a detailed traffic assessment. Investors are currently facing tax deductions on dividends, though the income will be tax-free from April 1, 2026, following an amendment to the Taxation and Other Laws (Amendment) Act; the company is working with the Ministry to resolve the TDS issue. The company has signed agreements for two assets from the APCO Group and aims to acquire additional NHAI assets, while maintaining a conservative approach to guidance and projections.