Cube Highways Trust secures Rs 1,030 cr funding from IFC via long-term NCDs
The funds raised through this deal will be utilised for a special purpose vehicle (SPV) owned by Cube Highways Trust
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The funds raised through this deal will be utilised for a special purpose vehicle (SPV) owned by Cube Highways Trust
The funds will be used for a Special Purpose Vehicle owned by the trust, which has a portfolio of 18 toll and annuity road assets across 11 Indian states
The funds raised through this deal will be utilised for a Special Purpose Vehicle (SPV) owned by Cube Highways Trust., , Cube Highways Trust, funding
"Sekura has started diligence on these roads," one of the sources said. "Ashoka's portfolio is one of the bigger HAM portfolios available and hence it had evinced interest from multiple players," the person said. The portfolio is expected to fetch an enterprise value of close to ₹5,500 crore with equity value of up to ₹1,300 crore, he added.
Road asset sale to reduce Rel Infra debt by Rs 2,000 cr