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Cube Highways Fund Advisors has announced the listing of its fully subscribed privately placed ordinary units to Rs 52.25 billion. The InvIT has a diversified portfolio of 18 toll and annuity road assets with an aggregate length of 1,423.60 km.The first tranche of assets held by the InvIT will have 17 NHAI toll road assets and one NHAI annuity road asset. These road assets are located across 11 states, including Andhra Pradesh, Bihar, Haryana, Jharkhand, Karnataka, Kerala, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal. In addition, pursuant to a right of first offer, CHT will also have an opportunity to access a pipeline of seven highway assets.UK Sinha, Independent Director, Cube Highways Funds Advisors, said, 鈥淭his marks a significant milestone in the development of India's infrastructure sector and InvIT in particular. The trust in Cube by such marquee investors affirms its capability and personnel. The Board and Cube鈥檚 team are eager to work with all stakeholders to continue generating value and worth for all. I鈥檓 thrilled to participate in Cube鈥檚 journey towards a more prosperous and sustainable future.鈥漈he InvIT has also signed a facility agreement with the State Bank of India for an amount of Rs 100 billion to be used for refinancing of the existing debt within the initial portfolio.Canadian pension investment manager British Columbia Investment Management Corporation (BCI) and Abu Dhabi鈥檚 sovereign investor Mubadala Investment Company (Mubadala) have become the new anchor investors in Cube Highways Trust (CHT).