Mumbai, April 7 -- In one of the largest toll road divestments in India, Australian asset manager Macquarie Asset Management is selling its Indian platform, Safeway Concessions, to French engineering and infrastructure firm Vinci SA for an implied enterprise value of approximately $1.7 billion ( Rs.15,000 crore).

Safeway Concessions acquired the rights to operate nine highways spanning nearly 700 kilometres across Andhra Pradesh and Gujarat in 2018 under the National Highways Authority of India's toll-operate-transfer (TOT) model for about Rs.9,680 crore (around $1.49 billion at the time), marking the country's first major privatization of existing road assets.

Macquarie put Safeway on the block in 2025, with the race for the assets ori...