{"id":279113,"date":"2026-09-30T09:36:26","date_gmt":"2026-09-30T04:06:26","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=279113"},"modified":"2026-09-30T09:36:26","modified_gmt":"2026-09-30T04:06:26","slug":"cube-highways-trust-block-deal","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/cube-highways-trust-block-deal\/","title":{"rendered":"Abu Dhabi’s Mubadala Exits Rs 689 Crore of Cube Highways Trust as L&T and Five Insurers Buy the Stake"},"content":{"rendered":"

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%.<\/em><\/p>\n

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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.<\/p>\n<\/div>\n

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.<\/p>\n

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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.<\/p>\n

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