Cube Highways plans InvIT to sell a part of its road assets

The move comes after the government removed the tax barrier for private placement of InvITs in the budget, putting them at par with publicly listed ones. Cube will hive off its operating assets into an infrastructure investment trust or InvIT and place it privately with other investors, said three people with direct knowledge of the development.

from Economy-News-Economic Times https://ift.tt/380TGPV