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Global Invesmtent firm KKR has acquired majority stake in Pallet Pooling Platform LEAP India on Wednesday

KKR has signed definitive agreements to acquire a majority stake in LEAP India, a pallet pooling platform in India. ET first reported that KKRs infrastructure fund was in talks to acquire a majority stake in LEAP at an enterprise value of up to Rs3,000 crore. KKR is making this investment as part of its Asia infrastructure strategy.

Global private equity major KKR & Co said Wednesday it has agreed to pick up a majority stake in logistics solutions company Leap India, a move that will push the ......

Macquarie Asia Infrastructure Fund owns a 56.8% stake in GRICL, while IL&FS holds 26.8% and the balance stake is with the Gujarat government. GRICL's toll roads are in Gujarat. The Ahmedabad to Mehsana stretch on SH-41 spans 51.6 kms. The second road asset of 31.7 kms from Vadodara to Halol on SH-87 is on the Delhi-Mumbai Industrial Corridor.

Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, plans to raise INR 515 crore ($68.3m) via a rights issue. The investment vehicle comprises six road assets with more than 450 km in total length across six Indian states and is in the process of acquiring four hybrid annuity projects