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Mubadala Sells Over 3% Stake in Cube Highways Trust for Rs 689 Crore
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News18•29-09-2026, 22:30
Mubadala Sells Over 3% Stake in Cube Highways Trust for Rs 689 Crore
- •Mubadala Investment Company divested a 3.35% unitholding in Cube Highways Trust for over Rs 689 crore through block deals.
- •Seventy Second Investment Company LLC, an affiliate of Mubadala, sold more than 4.49 crore units in nine tranches.
- •The units were disposed of at an average price of Rs 153.30 per unit, totaling Rs 689.46 crore.
- •Larsen & Toubro Ltd acquired 97.84 lakh shares, nearly 1% unitholding, for Rs 150 crore, becoming the largest buyer.
- •Other institutional investors, including mutual funds and insurance companies like HSBC, Birla, Kotak Mahindra, HDFC Life, and ICICI Prudential Life, also participated in the transaction.
Key Questions Answered
Seventy Second Investment Company LLC, an affiliate of Mubadala, sold more than 4.49 crore units representing a 3.35 per cent unitholding in Cube Highways Trust across nine tranches for a combined deal value of Rs 689.46 crore.
Engineering giant Larsen & Toubro Ltd emerged as the largest buyer of units, acquiring 97.84 lakh shares which amounted to nearly a 1 per cent unitholding for Rs 150 crore.
The units were disposed of at an average price of Rs 153.30 per unit on the BSE.
