New Delhi, Feb. 8 -- Cube Highways Trust has signed share purchase agreements (SPAs) to acquire three road assets from the National Investment and Infrastructure Fund's (NIIF) Athaang Infrastructure for an enterprise value of $725 million.

Mint had earlier reported that Cube Highways, one of India's largest private toll road operators, was the frontrunner to acquire these assets from NIIF's Athaang Infrastructure.

In a filing to the exchanges on Saturday, Cube Highways Fund Advisors Private Ltd said, "Cube InvIT has signed Share Purchase Agreements ("SPA") with NIIF on 7 February 2025 for the proposed acquisition of 100% (one hundred per cent) stake (shareholder debt, if applicable, and equity capital) in: a) Quazigund Expressway Privat...