I Squared Capital-backed Cube Highways to acquire Ghaziabad Aligarh Expressway for $211m.

I Squared Capital-backed Cube Highways, an independent, professionally-managed platform that leverages the extensive transportation experience of its management and execution teams, agreed to acquire Ghaziabad Aligarh Expressway, a 126 km toll road, for $211m. “We are pleased to add yet another high-quality asset to the Cube Highways portfolio. The road has shown a healthy recovery of traffic following the lockdown, underscoring its strategic location in North India. Cube Highways has been the most active investor in Indian roads sector in the last 12 months. and now has unmatched scale and capabilities in the country," Gautam Bhandari, I Squared Capital Managing Partner.