With reference to its letter dated May 22, 2024 regarding outcome of the Board meeting dated May 22, 2024 wherein the company had informed that the Board of Directors of Cube Highways Fund Advisors, acting in the capacity of Investment Manager to Cube Highways Trust (‘InvIT’), had considered and noted the Valuation Report of the InvIT Assets as on March 31, 2024 as issued by Independent Valuer- Ernst & Young Merchant Banking Services LLP (Valuer), possessing IBBI registration number IBB I/RV-E/05/2021/155. The Valuation Report provides the enterprise valuation of the assets of the InvIT as Rs 2,58,106 million (Equity valuation of Rs 1,70,059 million). Pursuant to Regulation 10(21) of SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with circulars and guidelines issued thereunder, Cube Highways Trust has informed the Net Asset Value (NAV) of InvIT as on March 31, 2024 as computed by the management based on the Valuation Report issued by the Valuer is enclosed.
The above information is a part of company’s filings submitted to BSE.
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| Authum Inv. & Infra | 472.15 |
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