Cube Highways Secures Rs.8.6B IFC Funding for Expansion

13 Feb 2025 CW Team

Cube Highways Trust has raised Rs 8.6 billion ($103 million) from the International Finance Corporation (IFC) through long-term non-convertible debentures (NCDs) at a 7.67% coupon rate. The issuance includes an anchor investment of Rs 2.58 billion ($31 million) with a tenor of nearly 18 years.

The funds will be utilized for road development projects and future acquisitions. This investment is part of Cube InvIT’s larger Rs 48.98 billion ($587 million) debt plan, which supports its capital expenditures and tranche 2 road assets. In June 2024, the trust acquired six hybrid annuity model (HAM) projects for Rs 22.48 billion ($269 million). The remaining capital will be directed towards the acquisition of NAM Highway, expected to be finalized this quarter.

The financing underscores Cube Highways' strategic expansion in India's road sector, strengthening its position in infrastructure investment and asset acquisition.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..