Branch² Intelligence
Cube Highway Trust Plans Rs 5,000-Crore IPO In July, Eyes Broader Investor Base
Key takeaway
Cube Highways Trust files for ₹5,000 crore IPO to convert to a publicly listed InvIT.
- Step 1Cube Highways Trust files for ₹5,000 crore IPO to convert to publicly listed InvIT.
- Step 2IPO proceeds reduce trust's leverage and fund acquisitions, increasing toll road portfolio size.
- Step 3Larger portfolio and lower cost of capital enable Cube to bid more aggressively for new road concessions, potentially raising toll rates.
Source: IN:NDTV Profit
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