VINCI to acquire Macquarie's India road assets for ₹15,000 cr
pre-market1 source ↓written by the desknot a recommendation
- approximately
- ₹15,000 cr
- approximately
- $1.6 billion
- across Andhra Pradesh
- 648 km
- under India's first
- ₹9,681 cr
Macquarie Asset Management is selling its Indian toll road assets to VINCI Highways for ₹15,000 cr (approximately $1.6 billion). The portfolio includes nine toll road projects covering 648 km across Andhra Pradesh and Gujarat. This acquisition marks a significant move in the Indian infrastructure sector, enhancing VINCI's footprint in the region.
• Other bidders included Sekura Roads and Vertis Infrastructure Trust.
• Macquarie had acquired these assets in 2018 for ₹9,681 cr under India's first Toll-Operate-Transfer auction.
Not investment advice. For informational purposes only.