Cube Highways Trust has successfully raised Rs 12.50 billion from investors, including HDFC group and Premji Invest, as it moves closer to its Rs 50 billion planned initial public offering (IPO). The fundraising underscores strong market confidence in the infrastructure sector and reflects growing investor interest in highway assets that offer stable, long-term returns.
The capital raised is expected to strengthen the trust’s balance sheet and support its expansion plans, including potential acquisition of additional toll-road assets and enhancement of existing infrastructure. By securing this funding ahead of the IPO, Cube Highways Trust aims to position itself as a more attractive and financially robust entity for public market investors.