Jul 1 2016 | India Opportunities

Cube Highways acquires two road assets

Cube Highways is a joint venture firm of PE firm I Squared Capital and International Finance Corp. (IFC), the private investment arm of World Bank. The firm was formed to acquire operating road assets in India. The firm has recently completed the acquisition of a 74% stake in Madhucon Agra Jaipur Expressways Ltd (MAJEL) and a complete stake in Western UP Tollway Ltd (WUPTL). With this the road asset portfolio of the firm is around 1,000 lane-km.