Cube Highways Infrastructure Investment Trust (InvIT) has entered into a share purchase agreement (SPA) with the National Investment and Infrastructure Fund Limited (NIIF) to acquire two road assets valued at Rs 41.84 billion.
The deal signed includes the purchase of a 100 per cent stake in Athaang Jammu Udhampur Highway Private Limited and Quazigund Highway Private Limited. The InvIT stated that the proposed acquisition will best enhance its current asset portfolio and align with its objective of using its financing capacity to purchase high-quality assets.