NEW DELHI, June 13 -- Cube Highways Trust on Thursday said it has completed the acquisition of two highway assets in Jammu and Kashmir from the National Infrastructure Investment Fund at an enterprise value of Rs 4,185 crore.
The Trust is managed by Cube Highways Fund Advisors Pvt Ltd.
Cube Highways Trust, in a statement, said the two assets being transferred, Quazigund Expressway Pvt Ltd and Athaang Jammu Udhampur Highway Pvt Ltd, span approximately 80 kilometres and are located in Jammu and Kashmir.
Quazigund Expressway is one of the longest bi-directional tunnels in India, while Athaang Jammu Udhampur Highway is an essential link between Jammu and Srinagar.
It said these assets have a residual concession life of over six years and ar...