Bottomline: How PE-backed Cube Highways’ InvIT performed in its first year of listing

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Cube Highways Trust, the infrastructure investment trust (InvIT) backed by private equity firm I Squared Capital, eked out a yield of just over 10% from its portfolio and clocked toll revenue growth of a shade under 12% in 2023-24.  In FY24, the first year of its listing, the InvIT clocked consolidated ......