India’s Cube Highways Trust, a major infrastructure investment trust, is preparing to pave its way into public markets with a potential $600 million initial public offering, according to Bloomberg reports.
The trust oversees 27 road assets stretching across more than 2,000 kilometers in 12 states and one union territory, making it one of India’s most prominent toll-road operators. Privately valued at roughly $2 billion, Cube Highways has tapped heavyweight advisers — Kotak Mahindra Capital, HSBC Holdings, ICICI Securities Ltd., and HDFC Bank Ltd. — to steer the IPO process.
If successful, the offering would provide Cube Highways fresh capital to fuel India’s booming infrastructure sector, a cornerstone of the nation’s economic expansion.
Diaper Startup Coterie in Sale Talks
Meanwhile, U.S. consumer goods deal chatter is buzzing. Coterie, a premium diaper brand backed by models Ashley Graham and Karlie Kloss, is reportedly in talks to sell to Mammoth Brands, parent to Harry’s razors and Flamingo body care.
Coterie, which markets hypoallergenic, “cruelty-free” diapers, is said to generate $200 million in annual revenue and $50 million in EBITDA. While discussions remain ongoing, no final agreement has been reached.
