These nine concessions total nearly 700 kilometers of motorway sections located on key national network corridors, connecting major industrial, agricultural, and logistics hubs.

The transaction values the assets at an enterprise value of approximately 150 billion Indian rupees (around 1.4 billion euros), representing roughly 15 times EBITDA. Completion is not expected until late 2026, pending Indian regulatory approvals and the finalization of the financing structure.

"For the stock, this transaction is strategically positive: it represents a new footprint in long-term concessions within a high-growth market, further bolstered by a clear operational angle (toll optimization and the transition to free-flow/digital tolling, an area where Vinci already possesses local capabilities via ViaPlus in Hyderabad). However, this is not a short-term earnings catalyst: the multiple is already high, the equity stake amount has not yet been disclosed, and execution and regulatory risks remain through 2026; we therefore view this as a medium-term value creation option rather than a driver likely to boost the share price today," noted Egor Sonin, analyst at AlphaValue.

Since the beginning of the year, Vinci shares have gained 7%.