Archive · 12 Jun 2025
Cube Highways Trust Acquires J&K Highways for ₹4,185 Crore
Imagine a company, Cube Highways Trust, buying two highways in Jammu and Kashmir from another company, NIIF, for a large sum of money.
These highways, around 80km long, will provide steady income because the government pays for their use.
Cube Highways Trust expects to make more money each year from this deal.
This acquisition strengthens the company's portfolio and adds to its revenue stream through annuity payments, making it a good deal for them.
Cube Highways Trust acquired two highways in J&K from NIIF for ₹4,185 crore.
The acquired assets are Quazigund Expressway Pvt. Ltd and Athaang Jammu Udhampur Highway Pvt. Ltd.
These highways span approximately 80km and have a residual concession life of over six years.
The highways are backed by fixed semi-annual annuity payments from NHAI.
Cube InvIT expects the transaction to increase net distributable cash flows by ₹2.3 per unit annually over the next five years.
- Who
- Cube Highways Trust and National Investment and Infrastructure Fund (NIIF).
- What
- Cube Highways Trust acquired two operational annuity road projects.
- When
- Announced on Thursday.
- Where
- Jammu and Kashmir.
- Why
- To expand Cube InvIT’s portfolio and exposure to fixed-revenue annuity assets.
- Transaction Value
- ₹4,185 crore
- Assets Acquired
- Quazigund Expressway Pvt. Ltd and Athaang Jammu Udhampur Highway Pvt. Ltd
- Total Length
- Approximately 80km
- Residual Concession Life
- Over six years
- Cube InvIT CEO
- Vinay C. Sekar
- Cube InvIT CFO
- Pankaj Vasani
