NSE announces Cube Highways Trust's public InvIT conversion and resumption of trading in DS Kulkarni Developers
Two separate listing changes are taking effect in India's capital markets from July 31 and August 3, 2026, impacting the trading of InvITs and real estate shares. These include the conversion of Cube Highways Trust from a privately listed InvIT to a publicly listed InvIT, and the resumption of trading in DS Kulkarni Developers Limited shares after capital reduction.
Highlights
- The conversion of Cube Highways Trust from a private InvIT to a public InvIT will be effective from July 31, 2026, enabling trading in the normal market segment.
- Trading in the shares of DS Kulkarni Developers Limited will resume from August 3, 2026, following capital reduction and in accordance with the resolution plan.
- Mandatory demat and rolling settlement systems in Cube Highways Trust will enhance transparency, while the resumption in DS Kulkarni is significant for real estate sector investors.
This article was translated from the original. Read the original version by our correspondent here.
Listing Changes and Trading Timeline
According to NSE India (NSE India), as per the National Stock Exchange of India's press release dated July 30, 2026, the conversion of Cube Highways Trust from a privately listed InvIT to a publicly listed InvIT will be effective from July 31, 2026. Trading for all investors will take place in the normal market segment, under mandatory demat and rolling settlement systems.In a separate announcement, the exchange stated that trading in the equity shares of DS Kulkarni Developers Limited will resume from August 3, 2026. This resumption follows capital reduction, in line with the approved resolution plan by the Hon'ble National Company Law Tribunal dated June 23, 2023.
Market Participants and Sectoral Impact
The transition of Cube Highways Trust to a publicly listed InvIT structure opens up broader investor participation for the infrastructure investment platform, as trading will be available in the normal market segment. Mandatory demat and rolling settlement systems also enhance operational clarity for investors.Meanwhile, the resumption of trading in DS Kulkarni Developers Limited is significant for investors involved in Indian real estate and insolvency resolution frameworks. This move signals the restoration of market access after regulatory and judicial processes are completed in such cases.
Our previous report highlighted the listing and commencement of trading of shares of INDO-MIM Limited, Lohia Corp Limited, and Xtranet Technologies Limited on NSE from July 30, 2026. It explained how different segments like normal market segment versus BE/trade-for-trade, mandatory demat, and rolling settlement systems apply to various scripts, and how compliance/settlement rules change for investors.