Cube Highways Fund Advisors Private Limited, acting as the investment manager to Cube Highways Trust, announced that its board has given in-principle approval for the issuance of units on a preferential basis to Cube Highways and Infrastructure V Pte. Ltd. and Cube Highways and Infrastructure II Pte. Ltd. towards the proposed acquisition of Devanahalli Tollway Private Limited, Western MP Infrastructure & Toll Roads Private Limited, and Chenani Nashri Tunnelway Limited, subject to unitholder approval and regulatory clearances. The company clarified that the acquisition of Baharampore- Farakka Highways Limited will occur at a later stage.