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The Economic Times

Ritesh Presswala

Cube Highways Trust InvIT raises Rs 1,687 crore from Premji Invest, other anchor investors ahead of its IPO

Cube Highways Trust InvIT Cube Highways Trust InvIT Premji Invest IPO BSE Insurance

Cube Highways Trust InvIT IPO has secured a strong vote of confidence from institutional investors, raising Rs 1,687.5 crore from anchor investors ahead of its much-awaited Rs 5,000-crore Infrastructure Investment Trust (InvIT) public issue, which opens for subscription on July 22.

The trust allotted 11.10 crore units to 59 funds at Rs 152 per unit, according to a circular issued by the BSE. Leading the anchor book was Prazim Trading and Investment Co Pvt Ltd, an entity linked to Premji Invest, which secured units worth Rs 300 crore.

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