Cube Highways eyes Jaypee's Yamuna Expressway Project

Cube Highways is a joint venture of private equity firm I Squared Capital and IFC, the private investment arm of the World Bank

Singapore-based Cube Highways is in discussions with Jaypee Infratech and IDBI-led lenders to take over the 165-km Yamuna Expressway Project, sources familiar with the developments said. The Manoj Gaur-promoted company told the Supreme Court on Friday that it had an offer from a company to buy the project, without naming the bidder. 

The offer could open up fresh possibilities to Jaypee’s lenders looking to recover loans. Also, it comes as a glimmer of hope for the homebuyers who have been waiting for delivery of apartments. 

Cube Highways is a joint venture of private equity firm I Squared Capital and International Finance Corp