Cube Highways Trust Secures Rs 1,250 Crore from Strategic Investors Ahead of IPO
The public issue is scheduled to open for subscription on July 22 and close on July 24. The IPO marks the trust's transition from a privately listed Infrastructure Investment Trust (InvIT) to a publicly listed InvIT through an offer-for-sale (OFS) by existing unitholders.
Under unit subscription agreements signed on July 13, strategic investors have agreed to subscribe to 8.22 crore units at an allocation price of Rs. 152 per unit.
Prazim Trading and Investment Company, associated with Premji Invest, has committed Rs. 950 crore through the subscription of 6.25 crore units. HDFC Life Insurance Company and HDFC Pension Fund Management have each committed Rs. 100 crore, while Axis Max Life Insurance Ltd. and WhiteOak Capital REIT & InvIT Alternatives Fund I will invest Rs. 50 crore each.
The strategic investments are expected to provide strong institutional backing for Cube Highways Trust's public listing and reinforce investor confidence in its portfolio of operational road infrastructure assets.
Published on:
15 July 2026
Share:
We Value Your Comment
