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  • Cube Highways Trust Announces Proposed Acquisition of 7 High

    New Delhi, April twenty sixth, 2024: Cube Highways Trust (“Cube InvIT”) [BSE/NSE: CUBEINVIT], managed by Cube Highways Fund Advisors Pvt. Ltd. (the “Investment Manager / IM”) at present introduced the proposed acquisition of as much as 100% fairness shareholding in seven freeway property from Singapore based mostly Cube Highways and Infrastructure III Pte Ltd. and Cube Highways Infrastructure Pte. Ltd., the Sponsors of Cube InvIT, in a number of tranches. The proposed acquisition was accepted by the Board of Directors of the Investment Manager held on Thursday, April 25, 2024, topic to the approval of Ordinary Unitholders of Cube InvIT.

    The seven freeway property, which embody six Hybrid Annuity Model (HAM) property and one Build-Operate-Transfer (BOT) asset, span round 2,200 lane kms and are unfold throughout geographic footprints of Andhra Pradesh, Maharashtra, Telangana, and Tamil Nadu.

    (*7*)

    Pankaj C. Vasani, Group CFO of Cube InvIT, acknowledged: “The proposed strategic addition of these seven property will probably be a big milestone, a testomony to the boldness of our traders in Cube InvIT and complement the present portfolio of property. These property have an enterprise worth of ₹5,172 crores as of February 29, 2024, and will probably be acquired by means of inside accruals and a combination of debt, topic to crucial approvals. After these acquisitions, the yield is predicted to develop upward of c.1.5% p.a. over a interval of subsequent 5 years.”

    The Board has additionally accepted the postal poll discover to hunt the approval of Ordinary Unitholders for this proposed acquisition. With this acquisition, InvIT’s asset portfolio will consist of 25 diversified property unfold throughout 13 States.

    (*7*)

    Vinay C. Sekar, CEO of Cube InvIT, stated, “This previous yr has been a interval of important achievements – strong income progress of over 11.5%, a distribution plan in keeping with expectations – and now this transaction will probably be aligned with Cube Highway’s technique of transferring de-risked and yield property that ship dependable returns to the Cube InvIT. These property will enhance Cube InvIT’s Assets Under Management (AUM) by over 20% from ₹25,024 crores as of December 31, 2023. The Net Debt/ AUM will stand round 46 per cent put up this acquisition, offering satisfactory headroom for progress.”

    The buying and selling window for dealing within the securities of Cube InvIT shall stay closed. The acquisition is predicted to be accomplished topic to the satisfaction of customary closing situations, together with receipt of statutory clearances and approval of Ordinary Unitholders of Cube InvIT.


    Mansi Praharaj

  • Amazon introduces new Fire TV Cube 

    Amazon has introduced the subsequent era Fire TV Cube, which comes with a new octa-core 2.0 GHz processor, may be managed hands-free with Alexa, contains help for cinematic 4K Ultra HD, Dolby Vision, HDR, immersive Dolby Atmos audio, and is Wi-Fi 6 suitable.

    Plus, it presents new options akin to an HDMI enter port and Super Resolution Upscaling.

    “With all-new Fire TV Cube, clients can futureproof their house with a superior viewing expertise that’s quick, helps cinematic 4K video and permits for hands-free Alexa to regulate house leisure methods,” stated Parag Gupta, Director and Country Manager for Amazon Devices India. “From watching cricket matches to films on demand, the Fire TV Cube can flip any house into a private stadium or a movie show.” 

    Customers can simply say “Alexa, change to DTH” as an alternative of manually altering inputs, and surf channels from suitable set high field suppliers by asking Alexa.

    It additionally options a further USB port for straightforward connection to suitable webcams for video calling with Alexa Communications—merely say, “Alexa, name mother” to attach with household or associates from the most important display within the house.

    Fire TV Cube additionally helps Audio Streaming for Hearing Aids (ASHA), permitting clients to straight hook up with suitable Bluetooth listening to aids. The new Fire TV Cube is priced at ₹13,999. You can signal as much as be notified when it’s accessible at Amazon.in/firetvcube/.

    Alexa Voice Remote Pro

    Amazon additionally launched the premium Alexa Voice Remote Pro. You can personalise your distant by programming these buttons to create one-touch shortcuts to favorite apps, channels, and something Alexa can do.

    For instance, you might select to program a button to have Alexa dim the lights, verify the climate, or begin an Alexa Routine for film night time.

    Alexa Voice Remote Pro additionally contains motion-activated backlit buttons that mechanically illuminate when the distant is picked up in low-light settings. Simply say, “Alexa, discover my distant” or use the devoted Remote Finder button within the Fire TV app, and Alexa Voice Remote Pro’s built-in speaker will emit an audible ring to draw your consideration.

    The Alexa Voice Remote Pro is obtainable for pre-order on Amazon.in/alexavoiceremotepro/ for ₹2,499. 

    (This article has been taken from a syndicated press launch, and will have been reworked just for brevity.)