BCI and Mubadala have positioned themselves as anchor investors in Cube Highways Trust, securing a robust investment in India's expanding road infrastructure sector.
Information on the Target
Cube Highways Trust (CHT) is an infrastructure investment trust (InvIT) based in India, primarily focused on toll and annuity road assets. CHT's portfolio comprises 18 assets with a total length of approximately 1,423.60 kilometers, diversified across 11 Indian states, including Andhra Pradesh, Bihar, Karnataka, and West Bengal. This diversified set of assets is strategically located to support India’s growing infrastructure needs.
The investment manager for CHT, Cube Highways Fund Advisors Private Limited, has successfully completed the private placement of ordinary units, raising INR 52,258.27 million (around USD 630 million) from notable investors including British Columbia Investment Management Corporation (BCI) and Mubadala Investment Company.
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Industry Overview in India
The infrastructure sector in India has been experiencing substantial growth, particularly in the road construction segment. The Indian government has allocated over $100 billion to enhance road infrastructure, which h
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British Columbia Investment Management Corporation, Mubadala Investment Company
invested in
Cube Highways Trust
in 2023
in a Strategic Partnership deal
Disclosed details
Transaction Size: $630M
Enterprise Value: $1,200M