{"id":94223,"date":"2024-07-26T00:00:00","date_gmt":"2024-07-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adia-to-sell-a-usd-400-mn-stake-in-indias-cube-highway-trust\/"},"modified":"2024-07-26T00:00:00","modified_gmt":"2024-07-26T00:00:00","slug":"adia-to-sell-a-usd-400-mn-stake-in-indias-cube-highway-trust","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/26\/adia-to-sell-a-usd-400-mn-stake-in-indias-cube-highway-trust\/","title":{"rendered":"Adia to sell a USD 400 mn stake in India\u2019s Cube Highway Trust"},"content":{"rendered":"

Adia to offload USD 400 mn stake in Indian infrastructure investor:<\/strong> Abu Dhabi Investment Authority (Adia) and US infrastructure investor I Squared Capital have tapped JP Morgan and Axis Capital to advise on the the sale of up to USD 400 mn of their combined 59.5% stake in Cube Highways Trust<\/a>, an India-based infrastructure investment firm, Moneycontrol<\/a> reports, citing sources familiar with the matter. The two bankers have reportedly initiated talks with potential buyers.<\/p>\n

BACKGROUND- <\/strong>Adia first bought into the Indian firm \u2014 which invests in road and highway assets in India \u2014 in 2017, acquiring a minority stake that was <\/span>valued at USD 1 bn<\/a>. In <\/span>April 2023<\/a>, Cube raised USD 630 mn from Abu Dhabi sovereign wealth fund Mubadala.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Adia first bought into the Indian firm in 2017<\/p>\n","protected":false},"author":1,"featured_media":94224,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[368,7,73,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-abu-dhabi-investment-authority","tag-enterpriseam-uae","tag-india","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"a447e3b9-eda2-49bb-a61c-76bc4b1d1c6f","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/262.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adia to sell a USD 400 mn stake in India\u2019s Cube Highway Trust","related_issue":[94213],"teaser":"Adia first bought into the Indian firm in 2017","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9ee516f8-5aa0-4176-933e-5af9cc99b77f.mp3"},"yoast_head":"\nAdia to sell a USD 400 mn stake in India\u2019s Cube Highway Trust - 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