News

Cube Highways Trust [NSE/BSE: CUBEINVIT/543899], managed by Cube Highways Fund Advisors Private Limited, has successfully raised Rs 1,150 crore through the issuance of senior, secured, listed, rated, redeemable, non-convertible debentures (NCDs) carrying a face value of Rs 1 lakh each and a coupon of 7.50% per annum, with a tenor of five years, the company said in a filing on September 30, 2026. The NCDs were issued on a private placement basis through the NSE Electronic Bidding Platform, with Axis Bank Limited allotted Rs 550 crore and ICICI Bank Limited allotted Rs 600 crore. The transaction forms part of Cube InvIT’s broader financing programme approved for raising financial assistance of up to Rs 4,500 crore.

Cube Highways Trust will close its trading window for dealing in its securities from October 1, 2026, and will reopen 48 hours after the announcement of financial information for the quarter and half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, as announced by Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust.

Cube Highways Trust has received a credit rating of “Crisil AAA/Stable” from Crisil Ratings for its proposed Rs 1150 crore non-convertible debentures, according to a filing on September 24, 2026. The rating indicates the highest degree of safety regarding the timely servicing of financial obligations, and the rating is expected to be disseminated through Crisil Ratings` publications and kept under surveillance.

Cube Highways Trust has received reaffirmed credit ratings of ICRA AAA/Stable from ICRA Limited for its bank limits and non-convertible debentures. The ratings pertain to a total of Rs 10,950 crore in bank limits and Rs 5,012 crore in outstanding NCDs, with Rs 1,150 crore newly assigned.

Cube Highways Trust announced that Walayar Vadakkencherry Expressway Private Limited, a project special purpose vehicle (SPV) of Cube Highways Trust, has received an arbitral award stating it is entitled to an extension of the concession period by 1423 days, following arbitration proceedings against National Highways Authority of India (NHAI) regarding a claim for modification of the concession period.