Cube Invit Buys Two Assets In J&K For Rs 41.84 Bn

10 Feb 2025 CW Team

Cube Highways Trust has signed a share purchase agreement with National Investment and Infrastructure Fund to acquire two annuity road project for an enterprise value of Rs 41.84 billion, according to an exchange filing by Cube Highways Fund Advisors.

The two annuity road projects being acquired are Quazigund Expressway and Athaang Jammu Udhampur Highway, both located in Jammu & Kashmir, with a combined length of 80 km. Quazigund is one of the longest bi-directional tunnels in the country while the other asset is an essential link between Jammu and Srinagar.

The projects were started in 2010 with a concession period of 20 years and now have an outstanding life of around six-and-a-half years. With this acquisition Cube InvIT will have a portfolio of 27 diverse road assets located across the country. The acquisition is seen as complementing its existing portfolio of assets, fitting in with its strategy of deploying its debt capacity to acquire high quality assets.

Established in 2022 Cube InvIT is one of the largest yield platforms in the infrastructure sector, with assets under management of Rs 314 billion at the end of December.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..