I Squared-backed Cube Highways’ north India road deal falls apart

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Singapore-based Cube Highways and Infrastructure Pte Ltd’s plan to acquire a road project in northern India has come unstuck after the $263-million deal couldn’t be completed within the stipulated time frame. Cube Highways, a portfolio company of infrastructure-focussed private equity firm I Squared Capital, had agreed to acquire Ghaziabad-Aligarh Expressway Pvt. ......