KOTAKBANK

, M&M, Ask Financial among 5 firms buy Rs 534 crore worth units in Cube Highways Trust from I Squared Capital entities

, M&M, Ask Financial among 5 firms buy Rs 534 crore worth units in Cube Highways Trust from I Squared Capital entities Squared Capital entities sold 2.7 percent stake worth Rs 534 crore in infrastructure investment trust Cube Highways Trust to five firms including Kotak Mahindra Bank, Mahindra and Mahindra, and Ask Financial via open market transactions on March 30. Cube Highways Trust saw exchange of units at a price of Rs 146 per unit. Cube Mobility Investments (Singapore-based infrastructure platform owned by I Squared Capital) sold 2.33 crore units in the infrastructure investment trust for Rs 340.91 crore, while I Squared Capital, and International Finance Corporation-owned Cube Highways and However, Infrastructure and Real Assets Fund has acquired 61.75 lakh units in Cube Highways Trust for Rs 90.15 crore, Kotak Mahindra Bank 1.9 crore units for Rs 278.49 crore, and ASK Financial Holdings 41.5 lakh units for Rs 60.59 crore. Further, Neo Real Asset Yield Fund has bought 37.5 lakh units in the infrastructure investment trust for Rs 54.75 crore, and Mahindra & Mahindra 34 lakh units for Rs 49.64 crore. Infrastructure III offloaded 1.32 crore units for Rs 192.72 crore. In total, they sold 2.7 percent stake for Rs 533.6 crore. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24