Cube Highways raises Rs 860 crore from IFC via long-term NCDs

February 12, 2025

Of this, ₹2,248 crore was drawn in June 2024 to acquire six hybrid annuity model projects, while the remaining funds will be used to fund the acquisition of NAM Expressway, expected to close this quarter, according to a recent ICRA report that rated the instrument at ‘AAA’.

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