Abu Dhabi’s Mubadala Exits Rs 689 Crore of Cube Highways Trust as L&T and Five Insurers Buy the Stake
- September 30, 2026
- Posted by: Ankit Jaiswal
- Category: News
Cube Highways Trust Rs 155.20, up 0.39% (30 Sep, 9:17 AM). Mubadala unit sold 3.34% for Rs 689.46 crore at Rs 153.30/unit to 9 buyers incl. L&T. P/E 75.12, div yield 2.31%.
Quick Answer
The Cube Highways Trust share price was Rs 155.20 at 9:17 AM on 30 September 2026, up 0.39 percent, after Seventy Second Investment Company LLC, a unit of Abu Dhabi’s Mubadala Investment Company, sold 4.49 crore units, a 3.34 percent stake, for Rs 689.46 crore at Rs 153.30 per unit. The stake was sold to nine investors including Larsen & Toubro, Birla Mutual Fund, HSBC Mutual Fund, Kotak Mahindra AMC, Kotak Mahindra Life Insurance, Max New York Life Insurance, HDFC Standard Life Insurance, ICICI Prudential Life Insurance and White Oak Capital Mutual Fund. Mubadala’s unit held a 6 percent stake in the infrastructure investment trust as of June 2026, so this sale reduces but does not eliminate its position. It offers a 2.31 percent dividend yield and trades at a P/E of 75.12 against an industry average of 24.58, a premium typical of infrastructure investment trusts valued on distributable cash flow rather than reported earnings.
Cube Highways Trust, an infrastructure investment trust that owns a portfolio of Indian toll roads, saw its Abu Dhabi government-owned unitholder reduce its stake on Tuesday. Seventy Second Investment Company LLC, owned by Mubadala Investment Company, sold 4.49 crore units, a 3.34 percent stake, for Rs 689.46 crore at Rs 153.30 per unit.
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The buyers were a mix of infrastructure conglomerate Larsen & Toubro and several large mutual funds and insurers, spreading the stake across nine separate institutional holders rather than concentrating it with a single new large investor. This article covers the deal, the trust’s live levels, and the risks facing unitholders.
What the Mubadala Stake Sale in Cube Highways Trust Involved
| Buyer | Units | Value |
|---|---|---|
| Larsen & Toubro | 97.84 lakh | Rs 150 crore |
| Kotak Mahindra Life Insurance | 26.09 lakh | Rs 40 crore |
| Birla Mutual Fund | 26.09 lakh | Rs 40 crore |
| HSBC Mutual Fund | 26.09 lakh | Rs 40 crore |
| Kotak Mahindra Mutual Fund | 26.09 lakh | Rs 40 crore |
| Max New York Life Insurance | 26.09 lakh | Rs 40 crore |
| HDFC Standard Life Insurance | 68.31 lakh | Rs 104.73 crore |
| ICICI Prudential Life Insurance | 68.31 lakh | Rs 104.73 crore |
| White Oak Capital Mutual Fund | 84.80 lakh | Rs 130 crore |
All nine buyers paid the same Rs 153.30 per unit price, and together they picked up the full 4.49 crore units Mubadala’s unit sold. Mubadala’s Seventy Second Investment Company held a 6 percent stake in Cube Highways Trust as of June 2026, so this transaction reduces its position by roughly half rather than exiting entirely.
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Cube Highways Trust Share Price Today: Numbers and Technical Levels
| Metric | Value (30 Sep, 9:17 AM) |
|---|---|
| Cube Highways Trust unit price | Rs 155.20 (up 0.39%) |
| Previous close | Rs 154.59 |
| Day range | Rs 154.60 to Rs 155.48 |
| 52-week high / low | Rs 165.00 / Rs 131.00 |
| RSI (14-day) | 29.6 |
| MACD vs signal line | -0.64 vs -0.48 |
| SuperTrend | Bearish, resistance at Rs 158.30 |
| 20-day average | Rs 156.37 |
| Market cap (Friday close) | Rs 20,798 crore |
| P/E vs industry P/E | 75.12 vs 24.58 |
| Dividend yield | 2.31% |
The Cube Highways Trust unit price is 6.0 percent below its 52-week high of Rs 165 and an RSI of 29.6 puts it right at the edge of oversold territory. The unit trades below both its 20-day average of Rs 156.37 and the SuperTrend resistance of Rs 158.30.
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Why Cube Highways Trust Carries a High P/E
Infrastructure investment trusts like Cube Highways Trust are typically valued on distributable cash flow and dividend yield rather than reported net profit, since toll road assets carry heavy depreciation charges that suppress accounting earnings relative to actual cash generation. That is why the P/E of 75.12, well above the broader infrastructure industry average of 24.58, is less directly comparable than it would be for a conventional operating company, and the 2.31 percent dividend yield is the more relevant income metric for unitholders.
Risks for Cube Highways Trust Unitholders
Interest rate sensitivity is the primary risk for infrastructure investment trusts, since a debt to equity of 1.81 means financing costs directly affect distributable cash flow available to unitholders. Traffic volume risk on the underlying toll roads, which is tied to economic activity and fuel prices, is the second concern. Further stake sales by the remaining Mubadala holding, now roughly halved but not eliminated, are a third factor that could periodically add supply to the unit.
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Conclusion
The Cube Highways Trust unit price held steady after Abu Dhabi’s Mubadala-owned Seventy Second Investment Company sold a Rs 689 crore stake to nine institutional buyers including Larsen & Toubro and several large insurers and mutual funds. A 2.31 percent dividend yield is the key income metric for this infrastructure trust, while interest rate sensitivity and traffic volume risk are the concerns to track. Investors considering Cube Highways Trust units should watch the Rs 158.30 resistance, follow stop-loss levels and consult a SEBI-registered adviser.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Cube Highways Trust unit price today?
Ans. The Cube Highways Trust unit price was Rs 155.20 at 9:17 AM on 30 September 2026, up 0.39 percent from Rs 154.59.
Who sold the Cube Highways Trust stake?
Ans. Seventy Second Investment Company LLC, a unit of Abu Dhabi’s Mubadala Investment Company, sold a 3.34 percent stake for Rs 689.46 crore at Rs 153.30 per unit.
Who bought the stake Mubadala’s unit sold?
Ans. Nine investors bought the stake, including Larsen & Toubro, Birla Mutual Fund, HSBC Mutual Fund, Kotak Mahindra AMC, Kotak Mahindra Life Insurance, Max New York Life Insurance, HDFC Standard Life Insurance, ICICI Prudential Life Insurance and White Oak Capital Mutual Fund.
How much of Cube Highways Trust does Mubadala still hold?
Ans. Its unit held a 6 percent stake as of June 2026, so this sale reduces the holding by roughly half rather than exiting it entirely.
Why does Cube Highways Trust have such a high P/E?
Ans. Infrastructure investment trusts are typically valued on distributable cash flow rather than reported net profit, since heavy depreciation on toll road assets suppresses accounting earnings relative to actual cash generation.
What is the dividend yield of Cube Highways Trust?
Ans. The dividend yield is 2.31 percent at Friday’s close, which is a more relevant income metric for unitholders than the P/E ratio.
What are the key technical levels for Cube Highways Trust?
Ans. The key levels are SuperTrend resistance at Rs 158.30 and the 20-day average of Rs 156.37. The RSI is 29.6, near oversold.
Should I invest in Cube Highways Trust units now?
Ans. The dividend yield is attractive, but interest rate sensitivity and traffic volume risk are factors to weigh. Consult a SEBI-registered adviser before investing.
